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The Starr Co. just paid a dividend of $.215 per share on its stock. The dividends are expected to grow at a constant rate of
The Starr Co. just paid a dividend of $.215 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year, indefinitely. If investors require a return of 11% on their stock, what is the current price? What will be the price is three years?
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