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Business, 01.11.2019 04:31 RealGibbon857

Gilmore, inc., just paid a dividend of $2.60 per share on its stock. the dividends are expected to grow at a constant rate of 5.75 percent per year, indefinitely. assume investors require a return of 12 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 $ 43.99 what will the price be in four years and in sixteen years?

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