a. The Jackson-Timberlake Wardrobe Company just paid a dividend of $1.52 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 return of 10 percent on the company's stock, what is the current price? (5 marks ) b. Use the same information given in (a). What will the price be in 12 years?5 marks ) FORMULAS Pt = D+ x (1 + g)/(R - g) - Po = Do (1 + g)/(R - g) P12 = D12 (1 + g)/(R - g) P 12 = D. (1 + g) 13/(R - g) =