Problem:
Anton, Inc. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4.1 percent per year, indefinitely. Assume investors require a return of 10.2 percent on this stock.
Required:
Question 1: What is the current price?
Question 2: What will the price be in 3 years and in 15 years?
Note: Please provide full description.