Womack Toy Companys stock is currently trading at $51 per share. The stocks dividend

is projected to increase at a constant rate of 4.6 percent per year. The required rate of

return on the stock, rs, is 7.5 percent. What is the expected price of the stock 1 years

from today?

Group of answer choices

$53.35

$56.35

$59.35

$62.35

$65.35