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part 1. flowers corp. stock currently sells for $62.00 per share. the dividend is projected to increase at a constant rate of 5.0% per year.
part 1. flowers corp. stock currently sells for $62.00 per share. the dividend is projected to increase at a constant rate of 5.0% per year. the required rate of return on the stock is 9.00%. what is the stock's expected price 3 yesrs from today?
A. $71.77
B. not enough information
C. $58.71
D. $61.94
part 2. a stock will pay a dividend of $1.50 end of next year. the required rate of return is 9.0% and the constant growth rate is 5.0% what is the current stock price?
A. $37.50
B. $34.32
C. $32.14
D. $31.20
E. $30.00
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