Question: Please use formulas and not excel! Reddick Enterprises' stock currently sells for $19.20 per share. The dividend is projected to increase at a constant rate

Please use formulas and not excel!

Reddick Enterprises' stock currently sells for $19.20 per share. The dividend is projected to increase at a constant rate of 3.30% per year. The required rate of return on the stock, rs, is 7.00%. What is the stock's expected price 3 years from today? $20.55 (B) $21.16 (C) $21.87 (D) $22.49 (E) $23.20

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