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Business, 08.12.2019 03:31 Hfruit

Reddick enterprises' stock is expected to pay a dividend of $0.8575 at the end of the year. 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 stocks expected price in 3 years from today?

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Reddick enterprises' stock is expected to pay a dividend of $0.8575 at the end of the year. the divi...
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