08-01 Stock Values [LO1] The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 10.5 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) c. What will the stock price be in 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current price Prev 10f 9ll Next > F11 F12 F7 F8 F9 FS F6