Reddick Enterprises' 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,r_s,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

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The Answer of Reddick Enterprises' 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,r_s,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

Reddick Enterprises' Stock Currently Sells for $35