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Rylan Industries is expected to pay a dividend of $ 5 . 5 0 year for the next four years. If the current price of

Rylan Industries is expected to pay a dividend of $5.50 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?
A. $22.43
B. $28.04
C. $50.47
D. $78.51

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