Last year's dividend was $2.90 per share. The constant growth in dividends=4.75%. Required return=9%

1. What's the current price?

2. What will the price be in 6 years from now? 13 years?

Last year's dividend (D0) was $2.90 per share. The constant growth in dividends =4.75%. 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).) 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 onswers to 2 decimal places (e.g., 32.16).)