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The stocks dividend is projected to increase at a constant

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Reference no: EM13568562

Daves Inc's stock is currently sells for $45 per share. The stock's dividend is projected to increase at a constant rate of 4% per year. The required rate of return on the stock, rs, is 12%. What is Daves' expected price 6 years from now?

a. $52.68
b. $53.71
c. $54.41
d. $55.12
e. $56.94

Reference no: EM13568562

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