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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 7.25% per year. The required

Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 7.25% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price one year from now? Select the correct answer.

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