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The Stopperside Wardrobe Co.just paid a dividend of $1.45 per share on its stock. The dividends are expected to grow at a constant rate of
The Stopperside Wardrobe Co.just paid a dividend of $1.45 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require an 11% return on The Stopperside Wardrobe Co. stock. (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 $0 What will the price be in 15 years? Stock price $0
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