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AMC Corporation just paid a dividend of $1.85 per share on its stock. Investors expect the dividends to grow at a rate of 8.0% per
AMC Corporation just paid a dividend of $1.85 per share on its stock. Investors expect the dividends to grow at a rate of 8.0% per year indefinitely. If investors require an 13.0% return on the stock, answer the following: Do not round intermediate calculations. Round the final answers to 2 decimal places.
1. What is the current price?
2. What will the price be in three years?
3. What will the price be in 15 years?
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