Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 9) A stock is expected to pay a

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

9) A stock is expected to pay a dividend of $3.85 at the end of the year (D1=3.85) and it should continue to grow at a constant rate of 6% a year. If its required return is 14%, what is the stocks expected price 6 years from today?

$70.17

$60.92

$68.27

$65.75

$72.45

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