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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $156 pet share on stock. The dividends are expected to grow at a constant rate of

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $156 pet share on stock. The dividends are expected to grow at a constant rate of 5 percent pe you indefinitely Required: (a) If investors require a 13 percent return on The Jackson-Timberlake Wardrate Co stock, what is the current price? (Click to select) (b)What will the price be in 19 years? (Click to select)

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