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please provide excel formula as answer !!! The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock. The dividends are
please provide excel formula as answer !!!
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 current price? What will the price be in three years? In 15 years? $ Current dividend Dividend growth rate Required return Price in Year Price In Year Price in Year 1.95 4% 10.5% 0 3 15 w Complete the following analysis. Do not hard code values in your calculations. Dividend in one year $ Price today 2.03 Dividend in 4 years Price in 3 years $ 2.28 Dividend in 16 years Sheet1 S 3.65 $ 2.28 Dividend in 4 years Price in 3 years $ 3.65 Dividend in 16 years Price in 15 years Step by Step Solution
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