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A firm just paid a dividend of $2.10 per share on its stock. The dividends are expected to grow at a constant rate of 3.5

A firm just paid a dividend of $2.10 per share on its stock. The dividends are expected to grow at a constant rate of 3.5 percent per year indefinitely. Investors require a return of 10.5 percent on stock. What is the current price? What will be the price in three years?15 years?

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