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X You received no credit for this question in the previous attempt. FinancelsFun just paid a dividend of $2.10 on each share of its stock.
X You received no credit for this question in the previous attempt. FinancelsFun just paid a dividend of $2.10 on each share of its stock. The company expects that the dividends will increase at a constant rate of 5 percent per year in perpetuity. Investors require a 14 percent return on this company's stock. Calculate the current stock price. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Current price 24.56 Calculate the stock price in three years. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Stock price $ 28.36 Calculate the stock price in 9 years. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Stock price $ 38.01
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