The Starr Co. just paid a dividend of $1.15 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year, indefinitely. Investors require a return of 12 percent on the stock.

What is the current price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current price

$

What will the price be in three years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Stock price

$

What will the price be in 12 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Stock price

$

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