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need help with formulas to put in to find the answers please explain The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share
need help with formulas to put in to find the answers please explain
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 4 percent per year indefinitely. If investors require a return of 10.5 percent on the stock, what is the curren price? What will the price be in three years? In 15 years? Complete the following analysis. Do not hard code values in your calculations. Dividend in 4 years Price in 3 years Dividend in 16 years Price in 15 years Step by Step Solution
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