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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.40 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 $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year, indefinitely. If investors require a 12% return on The Jackson-Timberlake Wardrobe Co., stock, what is the current price? What will the price be in three year?

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