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Fowler inc, just paid a dividend of $ 2 . 7 0 per share on its stock. The dividends are expected to grow at a

Fowler inc, just paid a dividend of $2.70 per share on its stock. The dividends are expected to grow at a constant rate of 4.5% per year, indefinitely. Assume investors require a return of 9% on this stock. What is the current price? What will the price be in 6 years and in 13 years?

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