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What is the current price what will the price be in three

The Starr Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. Investors require a return of 11 percent on the stock.

What is the current price? What will the price be in three years? What will the price be in 14 years?

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Finance Basics: What is the current price what will the price be in three

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