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10. The stock of Wilson Leather Inc, will pay a dividend of $1.35 next year. The dividends will grow at a constant rate of 7%

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10. The stock of Wilson Leather Inc, will pay a dividend of $1.35 next year. The dividends will grow at a constant rate of 7% per year indefinitely. The stock is traded at $15.00 today. If the required return on the stock is 16%, what will the stock price become in five years? A. $22.51 B. $19.66 C. $21.04 D. $31.51

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