[单选题]

Davis Company, Inc. (DCI) earned $5 a share last year and paid dividend of $2 a share. The company is expected to grow by 8 percent annually and continue its payout ratio for the foreseeable future. An investor with a 11 percent required return expects to sell the stock at $75 two years from now. The maximum amount that an investor should be willing to pay for DCI stock today is closest to:

A.$58.68

B.$64.71

C.$66.67

参考答案与解析:

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