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The Starr Co. just paid a dividend of $2.05 per share on its stock. The dividends are expected to grow at a constant rate of

The Starr Co. just paid a dividend of $2.05 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? What will the price be in three years? What will the price be in 10 years?

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