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FORMULA??? The RLX Co . just paid a dividend of $ 3 . 2 0 per share on its stock. The dividends are expected to

FORMULA??? The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to
grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5
percent on the company's stock, what is the stock price in 2 years? What will the price be in 3
years? In 15 years?
Input area:
(Use cells A6 to B11 from the given information to complete this question.)
Output area:
Price in 2 years
Price in 3 years
Price in 15 years
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