Medical Corporation of America (MCA) has a current stock price of $32, and its last...
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Finance
Medical Corporation of America (MCA) has a current stock price of $32, and its last dividend (D0) was $1.50. In view of MCAs strong financial position, its required rate of return is 12%. If MCAs dividends are expected to grow at a constant rate in the future, what is the firms expected stock price in five years?
Choice: $34.68
Choice: $44.86
Choice: $52.10
Choice: $68.75
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