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Q 4 : ( Constant Growth DDM ) The Starr Co . just paid a dividend of $ 1 . 9 5 per share on

Q4: (Constant Growth DDM) The Starr Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. If investors require a return of 11 percent on the stock, what is the current price? What will the price be in three years? In 10 years?
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