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Please show me steps to calculate Given the following data for RRT stock, what is the stock's expected price 3 years from today? Dividend per

Please show me steps to calculate

Given the following data for RRT stock, what is the stock's expected price 3 years from today?

Dividend per share just paid: $3

Constant dividend growth rate: 5%

Required rate of return: .10

Select one:

a. $72.93

b. $74.55

c. $76.92

d. $70.35

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The correct answer is: $72.93

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