Reddick Enterprises' stock currently sells for $24.50 per share. The dividend is projected to increase...
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Reddick Enterprises' stock currently sells for $24.50 per share. The dividend is projected to increase at a constant rate of 5% per year. The required rate of return on the stock, rs, is 9%. What is the stock's expected price 4 years from today?
| a. $29.78 | ||
| b. $27.56 | ||
| c. $31.66 | ||
| d. $28.78 | ||
| e. $29.48 |
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