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9.XYZ Co.'s stock currently sells for $40per share. The dividend is projected to increase at a constant rate of 6% per year. The required rate
9.XYZ Co.'s stock currently sells for $40per share. The dividend is projected to increase at a constant rate of 6% per year. The required rate of return on the stock, rs, is 9.50%. What is the stock's expected price 3 years from today? " O a) $47.64 b) $40 O c) $37 64 d) $46 e) None of the above
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