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Question 13 Question #13 and #14 use the following setup. The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock

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Question 13 Question #13 and #14 use the following setup. The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock today The dividends will 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 its current price? Question 14 What will the stock price be in three years

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