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The Herjavec Co. just paid a dividend of $2.57 per share on its stock. The dividends are expected to grow at a constant rate of

The Herjavec Co. just paid a dividend of $2.57 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If the investors require a return of 11 percent on the stock, what will the price be in 3 years? What will the price be in 15 years??

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