What-is-the-current-stock-prices-business-and-finance-homework-help
The Starr Co. just paid a dividend of $1.25 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 12 percent on the company’s stock.
| What is the current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Current price | $ |
| What will the stock price be in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Stock price | $ |
| What will the stock price be in 8 years? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Stock price | $ |
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