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Gilmore, Inc., just paid a dividend of $ 2 . 7 5 per share on its stock. The dividends are expected to grow at a

Gilmore, Inc., just paid a dividend of $2.75 per share on its stock. The dividends are expected to grow at a constant rate of 6.5 percent per year, indefinitely. Assume investors require a return of 11 percent on this stock.
What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Current price
$
What will the price be in three years and in fifteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
\table[[Price,],[Three years,$
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