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What will the price be in three years

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Reference no: EM132912390

Problem - The Stopperside Wardrobe Co. just paid a dividend of $1.55 per share on its stock. The dividends are expected to grow at a constant rate of 6.5% per year indefinitely. If investors require an 11.5% return on The Stopperside Wardrobe Co. stock, answer the following:

What is the current price?

What will the price be in three years?

What will the price be in 15 years?

Reference no: EM132912390

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