(Answered) Kelly enterprises stock currently sells for 3525 per share

Finance

Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The required rate of return on the stock is 11.50%.

What is the stock's expected price in 5 years from now?

Please give detail explanation on how to do calculations.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92803259
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