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Question : Question The Starr Co. just paid a

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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? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) What will the price be in three years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) What will the price be in 14 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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