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Ewert Enterprises stock currently sells for $31.00 per share. The stocks dividend is projected to increase at a constant rate of 7.00% per year. The

Ewert Enterprises stock currently sells for $31.00 per share. The stocks dividend is projected to increase at a constant rate of 7.00% per year. The required rate of return on the stock, rs, is 9.00%. What is Ewerts expected price 4 years from today?

A.

37.98

B.

35.49

C.

33.17

D.

40.63

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