Connolly Co $\tilde { \mathrm { P } } _ { 7}$

Multiple Choice

Connolly Co.'s expected year-end dividend is D₁ = $1.60, its required return is r_s = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future.What is Connolly's expected stock price in 7 years, i.e., what is $\tilde { \mathrm { P } } _ { 7}$ ?

A) $37.52
B) $39.40
C) $41.37
D) $43.44
E) $45.61