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Clay Matthews Enterprises' stock currently sells for $30 per share. The stock's dividend is projected to increase at a constant rate of 7% per year.

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Clay Matthews Enterprises' stock currently sells for $30 per share. The stock's dividend is projected to increase at a constant rate of 7% per year. The required rate of return on the stock, r, is 10%, what is the company's expected price 5 years from today? a. $20.21 b. $51.65 c. $15.77 d. $38.15 e. $42.08 Based on the previous question, what is Clay Matthews Enterprises' expected dividend yield at year 1 and what is its Ds? a. b. . d. e, 3% 7% 3% 6% 7% $4.21 $1.65 $1.262 $1.15 $0.565

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