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Business, 17.02.2020 20:21 kellymcdow5135

Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now?

(A) $40.17
(B) $41.20
(C) $39.83
(D) $40.85
(E) $41.69

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