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The Stopperside Wardrobe Co. just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate
The Stopperside Wardrobe Co. just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate of 7.5% per year indefinitely. If investors require an 12.5% 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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