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Mills Industries stock currently sells for $ 9 0 a share. It just paid a dividend of $ 5 . 0 4 a share (

Mills Industries stock currently sells for $90 a share. It just paid a dividend of $5.04 a share (that is, D0= $5.04). The dividend is expected to grow at a constant rate of 4.0 percent a year. What stock price is expected 1 year from now?
a.$99.22
b.$93.60
c.$86.54
d.$98.84
e.$90.00

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