What will the price be in four years and in sixteen years

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Reference no: EM131307871

Anton, Inc., just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 6.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock.

Requirement 1:

What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current price $

Requirement 2:

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

Four years $

Sixteen years $

Reference no: EM131307871

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