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Excel corporation just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 5%

Excel corporation just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year, indefinitely. If investors require a 12% return on the stock, what is the current price? what will be the price in three years? what will be the price in 15 years?

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