QUESTION $13$

Expected year$-$end dividend $D_1=$$$5.$ Its requirfed return $r_s$ is $12\%,$ its dividend yield is $5\%,$ and its growth rate will be constant in the future. Calculate the expected stock price in $7$ years, hatp ${?}_7$ is

$$160\mathrm{.}58$

$$184\mathrm{.}90$

$$151\mathrm{.}38$

$$152\mathrm{.}29$