Business, 15.12.2020 16:30 whitewesley124

Anton, Inc., just paid a dividend of $2.90 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. Requirement 1:What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e. g., 32.16).)Requirement 2:What will the price be in six years and in thirteen years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e. g., 32.16).)

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Anton, Inc., just paid a dividend of $2.90 per share on its stock. The dividends are expected to gro...