Whited Inc.'s stock currently sells for $35.00 per share. The dividend is projected to increase at a constant rate of 9.00% per year. The required rate of return on the stock, r_s, is 11.50%. What is the stock's expected price 5 years from now?

a. $38.15

b. $39.60

c. $60.32

d. $53.85

e. $39.03

-If D₀ = $1.00, g (which is constant) = 3.6%, and P₀ = $33.00, then what is the stock's expected total return for the coming year?

a. 6.63%

b. 3.25%

c. 6.74%

d. 3.03%

e. 3.14%