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$25.50 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.
\$25.50 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. $30.90 b. $30.66 c. $30.18 d. $29.94 e. $30.42
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