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Reddick Enterprises' Stock Currently Sells for $35

Question 65

Multiple Choice

Reddick Enterprises' stock currently sells for $35.50 per share.The dividend is projected to increase at a constant rate of 5.50% per year.The required rate of return on the stock,rs,is 9.00%.What is the stock's expected price 3 years from today?


A) $37.86
B) $38.83
C) $39.83
D) $40.85
E) $41.69

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