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FinancelsFun just paid a dividend of $1.90 on each share of its stock. The company expects that the dividends will increase at a constant rate
FinancelsFun just paid a dividend of $1.90 on each share of its stock. The company expects that the dividends will increase at a constant rate of 6 percent per year in perpetuity. Investors require a 10 percent return on this company's stock. Calculate the current stock price. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Current price Calculate the stock price in three years. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Stock price Calculate the stock price in 5 years. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Stock price
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