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  3. 7. a stock currently sells for $37.00 and its requ

7. A stock currently sells for $37.00 and its required rate of return is 16.00%....

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7. A stock currently sells for $37.00 and its required rate of return is 16.00%. The dividends are expected to increase at a constant rate of 7.50% per year. What is the expected price of the stock three years from today? $45.96 $50.10 $5285 $37.69 $3815

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