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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
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 Jackson co. stock, what is the current price, what will be the price in three years? in 15 years?
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