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FAMA Enterprises' stock currently sells for $39.00 per share. The dividend is projected to increase at a constant rate of 5.25% per year. The required
FAMA Enterprises' stock currently sells for $39.00 per share. The dividend is projected to increase at a constant rate of 5.25% per year. The required rate of return on the stock, rs, is 8.00%. What is the stock's expected price 3 years from today?
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