What is the current price-what will price be in three years

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The Starr Co. just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. Investors require a return of 10 percent on the stock. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current price $ What will the price be in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ What will the price be in 5 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $

Reference no: EM131190046

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