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1.The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.32 per share on its stock. The dividends are expected to grow at a constant rate
1.The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.32 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. investors require a 15 percent return on The Jackson-Timberlake Wardrobe Co. stock
What will the price be in 17 years? | |
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