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The Starr Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of
The Starr Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. Investors require an 14 percent return on the stock. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)
What is the current price?
Current price $
What will the price be in three years?
Stock price $
What will the price be in 12 years?
Stock price $
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