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Reddick E. stock currently sells for $35.50 per share. The dividend is projected to increase at a constant rate of 5.50% per year. The required

Reddick E. stock currently sells for $35.50 per share. The dividend is projected to increase at a constant rate of 5.50% per year. The required rate of return on the stock is 9.00%. What is the stocks expected dividend in 3 years (DIV3)?

2.24
1.46
1.24
1.76
2.00

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