Gilmore, Inc., just paid a dividend of $2.40 per share on its stock The dividends are expected to grow at a constant rate of 6 25 percent per year, indefinitely. Assume investors require a retum of 12 percent on this stock What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, ... 32.16.) Current price What will the price be in four years and in sixteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, ... 32.16.) Price Four years Sideen years Hints References eBook & Resources 619 PM 10/6/2000 O Type here to search 8430 40 * Gilmore, Inc. Der hare the te fton) sa #3 per year inde