Gilmore, inc. , just paid a dividend of $2. 35 per share on its stock. The dividends are expected to grow at a constant rate of 4. 1 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?.

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02-11-2022
Business

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Gilmore, inc. , just paid a dividend of $2. 35 per share on its stock. The dividends are expected to grow at a constant rate of 4. 1 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?.

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