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You just purchased 200 shares of a company stock at $60 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

You just purchased 200 shares of a company stock at $60 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 8.00%. What is the stock's expected price 3 years from today? (Please use up to four decimal numbers for dividend parts in your calculation)

 

Aug 12 2020 View more View Less

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