The RLX Co$.$ just paid a dividend of $$3\mathrm{.}20$ per share on its stock. The dividends are expected to

grow at a constant rate of $4$ percent per year indefinitely. If investors require a return of $10\mathrm{.}5$

percent on the company's stock, what is the stock price in $2$ years? What will the price be in $3$

years? In $15$ years?

Input area:

$($Use cells A$6$ to B$11$ from the given information to complete this question.$)$

Output area:

Price in $2$ years EXCEL FORMULA

Price in $3$ years EXCEL FORMULA

Price in $15$ years EXCEL FORMULA