Need the correct excel inputs B171AXfx (B6 * (1 + B7)^B9) / (B8 - B7)BсDEFGHJKL2The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected togrow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5percent on the company's stock, what is the stock price in 2 years? What will the price be in 3years? In 15 years?34 Input area:56 Dividend paid7 Dividend growth rate8 Required return9 Year for price10 Year for price11 Year for price12$3.204%10.50%231513 (Use cells A6 to B11 from the given information to complete this question.)1415 Output area:1617 Price in 2 years18 Price in 3 years$53.2519 Price in 15 years2021

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Answered: B17 1 A Xfx (B6 * (1 + B7)^B9) / (B8 -…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 6P

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