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Steady Eddie Utility, Inc.'s stock currently sells for $35.00 per share.The stock's dividend is projected to increase at a constant rate of 5% per year.The
Steady Eddie Utility, Inc.'s stock currently sells for $35.00 per share.The stock's dividend is projected to increase at a constant rate of 5% per year.The required rate of return on the stock, rs, is 16.50%.What is Steady Eddie Utilities' expected price 3 years from now?
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