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problem: The Brennan CO. just paid dividend of 1.40 dollars per share on its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12 percent return on the stock,

[A]      Determine the current price?

[B]      What will be the price in three years?

[C]      What will be the price in fifteen years?

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