Reddick enterprises' stock is expected to pay a dividend of $0.8575 at the end of the year. 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 stocks expected price in 3 years from today?

$30.35

Explanation:

We know,

Stock price, =

Given,

= $0.8575

Constant Growth Rate, g = 5.50% = 0.055

Required rate of return on the stock = 9% = 0.09

As we do not know the value of , we have to find it through =

x (1 + g)

Putting the value in the stock price formula for third year

=

=

=

= $30.35

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer; rapid growth in buyer demand and high buyer switching cost;