The Kardashian Co. just paid a dividend of $1.20 on each share of its stock. The company expects that the dividends will increase at a constant rate of 4 percent per year in perpetuity. Investors require a 10 percent return on this company's stock.
Calculate the current stock price. Current price $
Calculate the stock price in three years. Stock price $
Calculate the stock price in 10 years. Stock price $