Stock Values Courageous, Inc. just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. If investors require a 12 percent return on Courageous stock, what is the current price? What will the price be in three years? In 15 years? a. Current Price $ Points: 3.33 b. Price in 3 Years $ Points: 3.33 c. Price in 15 Years $ Points: 3.34