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$19.50 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 5.50% per year.

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$19.50 per share is the current price for Foster Farms' stock. 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? Select the correct answer. a. $20.53 b. $21.70 C. $20.14 d. $21.31 e. $20.92

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