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1 10 point The Jackson Timberlake Wardrobe Co. just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow

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1 10 point The Jackson Timberlake Wardrobe Co. just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year Indefinitely. Investors require a return of 10 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. 3216.) 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 5 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) eBook Hint Current price 1. Stock price in 3 years c. Stock price in 5 years po

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