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The Starr Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of
The Starr Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely If investors require a return of 11 percent on the stock, what is the current price? What will the price be in three years? In 15 years?
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