pter 8 - Stocks Saved 1 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.15 per share on its stock. The dividends are paid annually and are expected to grow at a constant rate of 7 percent per year indefinitely. Investors require an annual return of 12 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 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book Print a. Current price b. Stock price in 3 years c. Stock price in 12 years erences Prey 1 of 10 8 Next > OCT 6 W