#
Question : Question
The Starr Co. just paid a

**Question**

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))