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The RLX Company just paid a dividend of $ 3 . 0 0 per share on its stock. The dividends are expected to grow at

The RLX Company just paid a dividend of $3.00 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 12 percent on this stock.
a. What is the current price?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What will the price be in four years and in sixteen years?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
\table[[a. Current price,],[b. Price in four years,],[Price in sixteen years,]]
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