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Anton, Inc., just paid a dividend of $2.60 per share on its stock. The dividends are expected to grow at a constant rate of 5.75
Anton, Inc., just paid a dividend of $2.60 per share on its stock. The dividends are expected to grow at a constant rate of 5.75 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. What is the current price? What will the price be in four years and in sixteen years? Round your answer to 2 decimal places (e.g., 32.16).)
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