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Rayray Records' stock currently sells for $105.00 per share. The dividend is projected in increase at a constant rate of 3% per year. The required

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Rayray Records' stock currently sells for $105.00 per share. The dividend is projected in increase at a constant rate of 3% per year. The required rate of return on the stock, rs, is 11%. What is the stock's expected price 3 years from today, $xxx.xx, no $ sign

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