Patience, Inc., just paid a dividend of $3.15 per share on its stock. The dividends are expected to grow at a constant rate of 6.00 percent per year, indefinitely. Assume investors require an 11 percent return on this stock.

Requirement 1:

What is the current price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

What will the price be in three years and in fifteen years? (Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16).)