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Quiz 8. $12.50 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 5.50%

Quiz 8.

$12.50 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 5.50% per year. The required rate of return on the stock, rs, is 9.00%. What is the stock's expected price 3 years from today?

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