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The Stopperside Wardrobe Co. just paid a dividend of $1.69 per share on its stock. The dividends are expected to grow at a constant rate
The Stopperside Wardrobe Co. just paid a dividend of $1.69 per share on its stock. The dividends are expected to grow at a constant rate of 7.2% per year indefinitely. If investors require an 12.2% return on The Stopperside Wardrobe Co. stock, answer the following: (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 in three years What will the price be in 15 years? Stock price in 15 years
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