Question: The Starr Co . just paid a dividend of $ 1 . 5 0 per share on its stock. The dividends are expected to grow

The Starr Co. just paid a dividend of $1.50 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. Investors require a return of 10 percent on the stock. what is the current price per share?

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