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Deere & Company (DE) has a current stock price of $83.74 and is expected to pay a $2.04 dividend in one year. DE has a

Deere & Company (DE) has a current stock price of $83.74 and is expected to pay a $2.04 dividend in one year. DE has a beta of 1.32, the expected market return is 7.5% and the risk-free rate is 3.0%. What is DEs expected price in one year?

A.

$94.54

B.

$91.23

C.

$89.19

D.

$92.50

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