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The RLX Company just paid a dividend of $ 2 . 5 0 per share on its stock. The dividends are expected to grow at

The RLX Company just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock.
What is the current price?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What will the price be in six years and in thirteen years?

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