View the step-by-step solution to: Whited Inc.'s stock currently sells for $35.25 per share. The

Whited Inc.'s stock currently sells for...
Whited Inc.'s 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, rs, is 11.50%. What is the stock's expected price 5 years from now?

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