What is the stock expected price 3 years from today

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Stock Valuation with DDM for Price in Three Years. Suppose the stock of Blue Chip Industries currently sells for $35.50 per share. The last dividend D0 was $1.24 and the dividend is projected to increase at a constant rate of 5.50% per year. Investors expect a return R of 9.00%. What is the stock's expected price 3 years from today?

Reference no: EM13282707

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