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Stock values The Starr Corporation just paid a dividend of $2.15 per share on its stocks. The dividends are expected to grow at a rate
Stock values The Starr Corporation just paid a dividend of $2.15 per share on its stocks. The dividends are expected to grow at a rate of 4 percent a year, indefinitely. If investors require a 12 percent return on the stock, what is the current price? What will the price be in three years? In 15 years?
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