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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.32 per share on its stock. The dividends are expected to grow at a constant rate

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.32 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year indefinitely a. If investors require a return of 13 percent on the company's stock, what is the current price? $28.51 $28.51 $29.08 $27.94 $26.40 b. What will the price be in 6 years? $45.24 $46.15 $44.34 $41.89

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