Computing the stock expected price


Whited Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now? Choose one answer.

A. $44.46

B. $41.20

C. $42.26

D. $40.17

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Finance Basics: Computing the stock expected price
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