Connolly Co

question 45

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 ?

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

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