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7. Damon Enterprises' stock currently sells for $25 per share. The stock's dividend is projected to increase at a constant rate of 7% per year.

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7. Damon Enterprises' stock currently sells for $25 per share. The stock's dividend is projected to increase at a constant rate of 7% per year. The required rate of return on the stock, , is 10%. What is Damon's expected price 4 years from today? a. $30.21 b. $31.65 CH $32.77 d. $33.89 e. $34.45

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