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The Jackson-Timberlake wardrobe co. Just paid a dividend of $1.36 per share on its stock. The dividends are expected to grow at a constant rate

The Jackson-Timberlake wardrobe co. Just paid a dividend of $1.36 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely.

A. If investors require a return of 13 percent on the company stock, what is the current price?

B. What will the price be in 14 years?

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