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 a return of 14 percent on the stock.

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

Current price

$ 13.52 Numeric ResponseEdit Unavailable. 13.52 correct.

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

Stock price

$