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Klaus Toys just paid its annual dividend of $2.50. The required return is 12 percent and the dividend growth rate is 5 percent. What is

Klaus Toys just paid its annual dividend of $2.50. The required return is 12 percent and the dividend growth rate is 5 percent. What is the expected value of this stock five years from now?

A. $44.04

B. $45.58

C. $47.86

D. $48.41

E. $49.58

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