Assignment $-$ Week $7$

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The Stopperside Wardrobe Co$.$ just paid a dividend of $$1\mathrm{.}59$ per share on its stock. The dividends are expected to grow at a constant rate of $6\mathrm{.}7\%$ per year indefinitely. If investors require an $11\mathrm{.}7\%$ return on The Stopperside Wardrobe Co$.$ stock, answer the following: $($Do not round intermediate calculations. Round the final answers to $2$ decimal places. Omit $ sign in your response.$)$

What is the current price?

Current price $,$$ $q,$

What will the price be in three years?

Stock price in three years

$

What will the price be in $15$ years?

Stock price in $15$ years

$