Multiple Choice
Connolly Co.'s expected year-end dividend is D1 = $1.60, its required return is rs = 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 ?
A) $37.52
B) $39.40
C) $41.37
D) $43.44
E) $45.61
Correct Answer:
Verified
Correct Answer:
Verified
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