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The Nearside Co. just paid a dividend of $1.55 per share on its stock. The dividends...

The Nearside Co. just paid a dividend of $1.55 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. Investors require a return of 14 percent on the stock.

  

a. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What will the price be in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. What will the price be in 7 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)


   

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