Ch 8 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 3 percent per year indefinitely Investors require a return of 11 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., 32.16.) 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 6 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) ook int int ences . Current price b. Stock price in 3 years Stock price in 6 years . Prev 1 of 9 Next >