Fowler, Inc., just paid a dividend of $1.95 per share on its stock. The dividends are...

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Fowler, Inc., just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. If investors require a return of 10.5 percent on this stock, what is the current price? What will the price be in three years? In 15 years? Input area: Dividend paid 1.95 Dividend growth rate 4.0% Required retur 10.5% Year for price 0 Year for price Year for price Output area: 3 15 Dividend in one year Price at Year 0 Dividend in 4 years Price at Year 3 Dividend in 16 years Price at Year 15 + Fowler, Inc., just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. If investors require a return of 10.5 percent on this stock, what is the current price? What will the price be in three years? In 15 years? Input area: Dividend paid 1.95 Dividend growth rate 4.0% Required retur 10.5% Year for price 0 Year for price Year for price Output area: 3 15 Dividend in one year Price at Year 0 Dividend in 4 years Price at Year 3 Dividend in 16 years Price at Year 15 +