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QUESTION 11 5 points Save Answer Rayray Records' stock currently sells for $105.00 per share. The dividend is projected to increase at a constant rate

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QUESTION 11 5 points Save Answer Rayray Records' stock currently sells for $105.00 per 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 11%. What is the stock's expected price 7 years from today, $ xxx.xx, no $ sign

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