Question: Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in
Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows 6 through 11. The required answers are in rows 17 through 19. The RLX Co. just paid a dividend of $3.20 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 the company's stock, what is the stock price in 2 years? What will the price be in 3 years? In 15 years? Input area: Dividend paid $3.20 Dividend growth rate 4% Required return 10.50% Year for price 2 Year for price 3 Year for price 15 (Use cells A6 to B11 from the given information to complete this question.) Output area: Price in 2 years Price in 3 years Price in 15 years
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