The Nearside Co. just paid a dividend of $1.95 per share on its stock. The...
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The Nearside Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 3 percent per year, indefinitely. Investors require a return of 11 percent on the stock. points 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 6 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Print a. Current price b. Stock price c. Stock price
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