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SRS Inc. just paid an annual dividend of $ 1 . 2 0 yesterday. Its cost of equity is 1 1 . 8 % and

SRS Inc. just paid an annual dividend of $1.20 yesterday. Its cost of equity is 11.8% and
its dividend growth rate is 4.2%. What is the expected value of this stock five years from
now?
a. $20.14
b. $20.21
c. $20.35
d. $20.42
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