Patience inc just paid a dividend of 295 per share on its, Ask an Expert

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Patience, Inc., just paid a dividend of $2.95 per share on its stock. The dividends are expected to grow at a constant rate of 5.00 percent per year, indefinitely. Assume investors require an 11 percent return on this stock.

Requirement 1:

What is the current price?

Requirement 2:

What will the price be in three years and in fifteen years?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91268064

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