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Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 5.50% per year. The

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Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 5.50% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now? Select the correct answer. a. $45.47 b. $46.07 c. $44.87 O d. $47.27 e. $46.67

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