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Business, 27.02.2020 18:32 marieroberts7148

The Starr Co. just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. Investors require a return of 12 percent on the stock. What is the current price?

What will be the price in three years?
What will be the price in 14 years?

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