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The JacksonTimberlake Wardrobe Co. just paid a dividend of $5.35 per share on its stock. The dividends are expected to grow at a constant rate
The JacksonTimberlake Wardrobe Co. just paid a dividend of $5.35 per share on its stock. The dividends are expected to grow at a constant rate of 3.62 percent per year indefinitely. Investors require a return of 11.82 percent on the company's stock.
What will the stock price be in three years?
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