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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.90 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 $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a 10 percent return on The Jackson-Timberlake Wardrobe Co. stock what will the price be in 3 years? what will the price be in 15 years? using (fv) function in excel
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