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1. Stock Values Courageous, Inc. just paid a dividend of $ 1.80 per share on its stock. The dividends are expected to grow at

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1. Stock Values Courageous, Inc. just paid a dividend of $ 1.80 per share on its stock. The dividends are expected to grow at a constant rate of 3.00% per year, indefinitely. If investors require a 12.00% return on Courageous stock, what is the current price? What will the price be in 3 years? In 15 years? a. Current Price $ Points: 3.33 b. Price in 3 Years $ Points: 3.33 C. Price in 15 Years $ Points: 3.34

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