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11) Rylan Industries is expected to pay a dividend of $5.70 year for the next four years. If the current price of Rylan stock is
11) Rylan Industries is expected to pay a dividend of $5.70 year for the next four years. If the current price of Rylan stock is $31.27, 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) $17.57 B) $39.53 C) $61.49 D) $21.96
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