Problem 8-9 Stock Valuation and Required Return [LO1]

Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.10 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each companys stock is 7 percent, 10 percent, and 13 percent, respectively. What is the stock price for each company? (Round your answers to 2 decimal places. (e.g., 32.16))

	Stock price
Red, Inc.	$
Yellow Corp.	$
Blue Company	$