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The X 3 Company just paid a dividend of $ 2 . 1 0 per share on its stock. The dividends are expected to grow
The X Company just paid a dividend of $ per share on its stock. The dividends are expected to grow at a constant rate of
percent per year indefinitely. Investors require a return of percent on the company's stock.
a What is the current stock price?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b What will the stock price be in years?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
c What will the stock price be in years?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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