What is the current stock price

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Reference no: EM131943013

Stockade Corp. just paid a dividend of $1.95 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 11 percent on the company’s stock. What is the current stock price? What will the stock be in 3 years? What will the stock be in 15 years? Do not round intermediate calculations and round your final answer to 2 decimal places.

Reference no: EM131943013

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