ION

A company's stock currently sells for $$15\mathrm{.}55$ per share. The stock's dividend is projected to increase at a constant rate of $7\mathrm{.}25\%$ per year. The required rate of return on the stock, is $0\%.$ What is the expected stock price $3$ years from today?

$$25\mathrm{.}67$

$$22\mathrm{.}02$

$$35\mathrm{.}27$

$$29\mathrm{.}66$

$$19\mathrm{.}18$