Question: I am needing help plugging these into excel to solve. The Starr Co. just paid a dividend of $1.10 per share on its stock. The
I am needing help plugging these into excel to solve.
| The Starr Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. Investors require a return of 11 percent on the stock. |
| What is the current price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Current price | $ |
| What will the price be in three years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Stock price | $ |
| What will the price be in 14 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Stock price | $ |
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