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QUESTION
McCue Co.'s stock price is $30 per share, and its expected year-end dividend is $1.50 a share (D 1 = $1.The stock's required return is 9.
McCue Co.'s stock price is $30 per share, and its expected year-end dividend is $1.50 a share (D1 = $1.50). The stock's required return is 9.00%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 3 years from now?
