1 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the stock, what is the current price? What will the price be in three years? In 15 years? Current dividend 1.95 4% Dividend growth rate Required return 10.5% Price in Year 0 Price in Year 3 Price in Year 15 Complete the following analysis. Do not hard code values in your calculations. Dividend in one year Price today Dividend in 4 years Price in 3 years Dividend in 16 years. Sheet1 www A