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Rylan Industries is expected to pay a dividend of $5.20 per year for the next four years. If the current price of Rylan stock is
Rylan Industries is expected to pay a dividend of $5.20 per year for the next four years. If the current price of Rylan stock is $32.63, and Rylan's equity cost of capital is 14%, what price would you expect Rylan's stock to sell for at the end of the four years? Round to the nearest cent. A. $11.83 B. $55.11 C. $29.52 D. $80.70 E. $25.58
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