$2$ The RLX Co$.$ just paid a dividend of $$3\mathrm{.}20$ per share on its stock. The dividends are expected to grow at a constant rate of $4$ percent per year indefinitely. If investors require a return of $10\mathrm{.}5$ percent on the company's stock, what is the stock price in $2$ years? What will the price be in $3$ years? In $15$ years?

$3$

$4$ Input area:

$5$

$6$ Dividend paid

$7$ Dividend growth rate

$8$ Required return

$9$ Year for price

$10.$ Year for price

$11$ Year for price

$12$

$13($Use cells A$6$ to B$11$ from the given information to complete this question.$)$

$14$

$15$ Qutput area:

$16$

$17\sqrt[\phantom{2}]{\text{P}\text{r}\text{i}\text{c}\text{e}in2\text{y}\text{e}\text{a}\text{r}\text{s}}$

$18$ Price in $3$ years

$19$ Price in $15$ years

$20$

$21$

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