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uestioh 3 ( 10) G Save & Ext. value: 10.00 points Gilmore, Inc., just paid a dividend of $2.50 per share on its stock. The
uestioh 3 ( 10) G Save & Ext. value: 10.00 points Gilmore, Inc., just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. What will the price be in six years and in thirteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price Six years Thirteen years Hints References eBook&Resources Hint#1
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