what will the price of Gilmore inc be in four years and in sixteen years

3. Gilmore, Inc., just paid a dividend of $2.40 per share on its stock. The dividends are expected to grow at a constant rate of 6.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. (30 Points)1114 "As What ls the current price of the stocek? 2,4 Growth rate 6.25% What will the price of Gilmore, Inc. be in four years and in sixteen years? (Note: The price computed in four years will be to purchase dividends expected in year 5 and thereafter, the price computed in 16 years will be to purchase dividends expected in year 17 and thereafter) Stock Price in four years $ Stock Price in sixteen years $