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

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Gilmore, Inc., just paid a dividend of $2.60 per share on its stock. The dividends are expected to grow at a constant rate of 5.75 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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

Reference no: EM131307977

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