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Question
$35.50 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?a. $37.86
b. $38.83
c. $39.83
d. $40.85
e. $41.69
Answer
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