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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
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 companys stock, what is the current price? What will the price be in 3 years? In 15 years? Input area: Dividend paid $3.20 Dividend growth rate 4% Required return 10.50% Year for price 0 Year for price 3 Year for price 15 Could you solve only using excel functions.
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