The dividends are expected to grow at a constant rate

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Trying to see step by step on how to do the below (non excel):

Heard, Inc. just paid a dividend of $1.75 per share on its stock (that is, Div0 = $1.75). The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. If investors require a 12 percent return on Heard stock, what is the current price? What will the price be in 10 years?

Reference no: EM13950819

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