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fowler inc. just paid a dividend of $ 3 . 0 0 per share on its stock. The dividends are expected to grow at a

fowler inc. just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. What is the current price? What will the price be in four years and in sixteen years?

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