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2 pts Question 1 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.13 per share on its stock. The dividends are expected to grow

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2 pts Question 1 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.13 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require a 12 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? Answer with 2 decimals (e.g. 10.12). Question 2 2 pts Far Side Corporation is expected to pay the following dividends over the next four years: $13, $10, 57 and 53. Afterward, the company pledges to maintain a constant 0.02 growth rate in dividends forever. If the required return on the stock is 0.09, what is the current share price? Answer with 2 decimals (eg 45.45)

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