Business
Business, 07.11.2019 01:31, jacksonsmith0

Gilmore, inc., just paid a dividend of $3.30 per share on its stock. the dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. assume investors require a return of 9 percent on this stock. what is the current price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) current price $ what will the price be in six years and in thirteen years? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) price six years $ thirteen years $

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