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Posted on Jul 15, 2024

The JacksonTimberlake Wardrobe Co. just paid a dividend of $6.09 per share on its stock. The dividends are expected to grow at a constant rate

The JacksonTimberlake Wardrobe Co. just paid a dividend of $6.09 per share on its stock. The dividends are expected to grow at a constant rate of 1.9 percent per year indefinitely. Investors require a return of 8.34 percent on the company's stock.

What is the current stock price?

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