Bond and Stock Homework (i) Help Save & Exit Submit The RLX Company just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. 9 points a. What is the current price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What will the price be in six years and in thirteen years? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. a. Current price b. Price in six years Price in thirteen years

The RLX Company just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. a. What is the current price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What will the price be in six years and in thirteen years? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16