Determining the stock expected price


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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Basic Statistics: Determining the stock expected price
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