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Future price of a constant growth stock Sullivan Industries stock price is $ 4 0 per share, and its expected year - end dividend is

Future price of a constant growth stock
Sullivan Industries stock price is $40 per share, and its expected year-end dividend is $2.40 a share (D1= $2.40). The stocks required return is 10.00%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 3 years from now?
a.$41.60
b.$42.00
c.$43.20
d.$44.99
e.$46.80

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