Computation of current price of share

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Reference no: EM1311415

The Brennan CO. just paid dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12% return on the stock,

a. What is the current price?

b. What will be the price in 3 years?

c. What will be the price in 15 years?

Reference no: EM1311415

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