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25 September, 02:58

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 stocks expected price 3 years from today? Select one:

a. $37.86

b. $38.83

c. $39.83

d. $40.85

e. $41.69

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Answers (1)
  1. 25 September, 03:02
    0
    C is the answer I think
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