The RLX Co. just paid a dividend of $3.20 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 10.5 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: Dividend paid Dividend growth rate Required return Year for price Year for price Year for price Output area: $ Price in 2 years Price in 3 years Price in 15 years 3.20 4% 10.50% (Use cells A6 to B11 from the given information to complete this question.) 3 15

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The RLX Co. just paid a dividend of $3.20 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 10.5 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 A6 to B11 from the given information to complete this question.)