# The Starr Co. just paid a dividend of \$1.25 per share on its stock. The dividends are expected to gr

Aug 4th, 2016
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The Starr Co. just paid a dividend of \$1.25 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 12 percent on the company's stock. What is the current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current price \$ What will the stock price be in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price \$ What will the stock price be in 8 years? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price \$

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The Starr Co. just paid a dividend of \$1.25 per share on its stock. The dividends are expected togrow at a constant rate of 5 percent per year indefinitely. Investors require a return of 12 percenton the company's stock.What is the current stock price? (Do not round intermediate calculations. Round your answerto 2 decimal places (e.g., 32.16).)Current price \$What will the stock price be in three years? (Do not round intermediate calculations. Roundyour answer to 2 decimal places (e.g., 32.16).)Stock price \$What will the stock price be in 8 years? (Do not round intermediate calcula

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