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Last year's dividend (DO) was$2.70per share. The constant growth in dividends=4.5%. Required return=9%. Requirement 1: What is the current price? (Do not round intermediate calculations.
Last year's dividend (DO) was$2.70per share. The constant growth in dividends=4.5%. Required return=9%. Requirement 1: What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current price $ Requirement 2: What will the price be six years from now? thirteen years? Hint: recall the price grows at the constant growth rate of dividends. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Six years Thirteen years A A
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