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Gilmore Inc just paid a dividend of $250 per share on its stock The dividends are expected to grow at a constant rate of 525 percent per year indefinitely Assume investors require a return of

Gilmore, Inc., 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. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current price S What will the price be in six years and in thirteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Price Six years Thirteen years

 

Apr 05 2020 View more View Less

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