Problem $8-1$ Stock Values $($LO$1)$

The Stopperside Wardrobe Co$.$ just paid a dividend of $$1\mathrm{.}67$ per share on its stock. The dividends are expected to grow

at a constant rate of $7\mathrm{.}1\%$ per year indefinitely. If investors require an $12\mathrm{.}1\%$ 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

What will the price be in three years?

Stock price in three years

What will the price be in $15$ years?