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need to be in excel format Fowler, Inc., just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow

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Fowler, Inc., just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. If investors require a return of 10.5 percent on this stock, what is the current price? What will the price be in three years? In 15 years? Input area: $ Dividend paid Dividend growth rate Required retum Year for price Year for price Year for price 1.95 4.0% 10.5% 0 3 15 Output area: Dividend in one year Price at Year 0 Dividend in 4 years Price al Year 3 Dividend in 16 years Price at Year 15

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