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The Jackson-Timberlake Wardrobe Co just paid a dividend of $185 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 $185 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year Indefinitely. Investors require a return of 12 percent on the company's stock What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, ... 32.16) Current price What will the stock price be in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, eg, 32.16.) Stock price What will the stock price be in 14 years? (Do not found intermediate calculations and round your answer to 2 decimal places. e.g. 32.16) Stock price
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