Gilmore, Inc , just paid a dividend of $2 80 per share on its stock The dividends are expected to grow at a constant rate of 6 75 percent per year, indefinitely Assume investors require a return of 12 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 four years and in sixteen years (Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Price Four years $ Sixteen years $

Question

Gilmore, Inc , just paid a dividend of $2 80 per share on its stock  The dividends are expected to grow at a constant rate of 6 75 percent per year, indefinitely  Assume investors require a return of 12 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 four years and in sixteen years  (Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Price Four years $ Sixteen years $

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Gilmore, Inc., just paid a dividend of $2.80 per share on its stock. The dividends are expected to grow at a constant rate of 6.75

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