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What will the price be in 3 years

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The Nearside Co. just paid a dividend of $2.07 per share on it's stock. The dividends are expected to grow at a constant rate of 4.3 percent per year, indefinitely. If investors require a return of 11 percent on the stock, what is the current price? What will the price be in 3 years? In 15 years?

Reference no: EM132341417

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