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7. Ewert Enterprises' stock currently sells for $30.50 per share. The stock's dividend is projected to increase at a constant rate of 6.20% per year.
7. Ewert Enterprises' stock currently sells for $30.50 per share. The stock's dividend is projected to increase at a constant rate of 6.20% per year. The required rate of return on the stock, rs, is 10.00%. What is Ewert's expected price 3 years from today? 8. Poultry Brewing Incorporated is expanding rapidly. It recently paid a dividend of $1.24 per share. This dividend is expected to grow by 18% for three years and 7% after that. With a required rate of return, rs, of 12%, what is the current stock price
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