Question $13$

Questions #$13$ and #$14$ use the following setup. The Jackson Oil Co$.$ will pay a dividend of $$1\mathrm{.}41$

next year.

The dividends will grow at a constant rate of $4\mathrm{.}275$ percent per year indefinitely. If investors

require a return of $10$ percent on the stock, what is its current price?

Question $14$

What will the stock price be in three years?