Question: Use the following information to answer the next question. (please if you can show work ) Thames Inc.'s most recent dividend was $2.40 per share.

Use the following information to answer the next question. (please if you can show work )

Thames Inc.'s most recent dividend was $2.40 per share.

The dividend is expected to grow at 3% per year.

The T-bill rate is 5% and the market return rate is 9%.

The company's beta is 1.3.

What is the expected price of the stock one-year later?

Select one:

a. $57.14

b. $36.23

c. $72.14

d. $35.36

e. $37.83

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