choices for a) $22.77 $22.32 $5.64 $21.87 $20.67

choices for b) $27.55 $28.12 $28.68 $26.03 $7.10

WUJUULETUL 13) value: 10.00 points The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.24 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year indefinitely Required: (a) If investors require a 14 percent return on The Jackson-Timberlake Wardrobe Co stock, what is the current price? (Click to select) (b) What will the price be in 3 years? (Click to select)