What is the current price po what will the price be in 3 p3


Belarus Bearing Just paid a dividend of £7.20 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year, indefinitely. If investors require (the discount rate) a 12% return on Belarus Bearing stock, what is the current price (Po)? What will the price be in 3 (P3) years? In 15 years (P15)?

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Financial Management: What is the current price po what will the price be in 3 p3
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