Question: Use the cells in the input are to input into the formulas in the output area please, thanks. The RLX Co. just paid a dividend

 Use the cells in the input are to input into theformulas in the output area please, thanks. The RLX Co. just paid

Use the cells in the input are to input into the formulas in the output area please, thanks.

The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the company's stock, what is the current price? What will the price be in 3 years? In 15 years? Input area: \begin{tabular}{lr|} \hline Dividend paid & 3.20 \\ Dividend growth rate & 4% \\ Required return & 10.50% \\ Year for price & 0 \\ Year for price & 3 \\ Year for price & 15 \\ \hline \end{tabular} (Use cells A6 to B11 from the given information to complete this question.) Output area: Price in 0 years Price in 3 years Price in 15 years

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