Chapter 6 Problems 1 10 points The Cricket Co.just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 11 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 18 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Hint a. Current price b. Price in 3 years c. Price in 18 years Print References