What will the price be in five years and in fourteen years

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Reference no: EM131050434

Anton, Inc., just paid a dividend of $3.25 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 10 percent on this stock.

Requirement 1: What is the current price?

2. What will the price be in five years and in fourteen years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

5 years= ?

 

14 years= ?

Reference no: EM131050434

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