Business, 22.04.2020 19:10 nickname0097

Fowler, Inc., just paid a dividend of $2.55 per share on its stock. The dividends are expected to grow at a constant rate of 3.9 percent per year, indefinitely. If investors require a return of 10.4 percent on this stock, what is the current price? What will the price be in three years? In 15 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

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Fowler, Inc., just paid a dividend of $2.55 per share on its stock. The dividends are expected to gr...