This test: $40$ point$($s$)$

$12$ of $40$

possible

This question: $1$

point$($s$)$ possible

Rylan Industries is expected to pay a dividend of $$5\mathrm{.}80$ year for the next four years. If the current price of Rylan stock is $$32\mathrm{.}93,$ and Rylan's equity cost of capital is $12\%,$ what price would you expect Rylan's stock to sell for at the end of the four years?

$$ A$.$ $$24\mathrm{.}10$

B$.$ $$67\mathrm{.}48$

C$.$ $$19\mathrm{.}28$

$$ D$.$ $$43\mathrm{.}38$

Time Remaining: $01$:$36$:$40$