The dividend is projected to increase at constant rate

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Fiveline Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 5.00% 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 (i.e., Price at year 5)

Reference no: EM131357854

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