Business
Business, 04.04.2020 09:13, des6487

Reddick Enterprises' stock currently sells for $24.50 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, , is 9.00%. What is the stock's expected price 3 years from today?a. $28.77 b. $26.76 c. $24.45 d. $31.65 e. $33.66

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