Question: Current Attempt in Progress The required rate of return is 20.00 percent. Blossom Corp, has just paid a dividend of $3.12 and is expected to

 Current Attempt in Progress The required rate of return is 20.00

Current Attempt in Progress The required rate of return is 20.00 percent. Blossom Corp, has just paid a dividend of $3.12 and is expected to increase its dividendi at a constant rate of 4.00 percent. What is the expected price of the stock three years from now? [Round answer to 2 decimal places, eg. 15.20.) Expected price $

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