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your firm stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 5.25% per year. The required

your firm stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 5.25% per year. The required rate of return on the stock, rs, Is 11.50%. What is the stocks expected price five years from now?
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a. $45.53 b. $40.06 c. $47.80 d. $39.15 e. $52.81

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