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Use the cells in the input are to input into the formulas in the output area please, thanks. The RLX Co. just paid a dividend
Use the cells in the input are to input into the formulas in the output area please, thanks.
The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the company's stock, what is the current price? What will the price be in 3 years? In 15 years? Input area: \begin{tabular}{lr|} \hline Dividend paid & 3.20 \\ Dividend growth rate & 4% \\ Required return & 10.50% \\ Year for price & 0 \\ Year for price & 3 \\ Year for price & 15 \\ \hline \end{tabular} (Use cells A6 to B11 from the given information to complete this question.) Output area: Price in 0 years Price in 3 years Price in 15 yearsStep by Step Solution
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