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Kelly Enterprises' stock currently sells for $3525 per share The dividend is projected to increase at a constant rate of 475per year The required rate of return on the stock is 1150 What is

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.
 

Apr 02 2020 View more View Less

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