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Posted on Jul 19, 2024

The JacksonTimberlake Wardrobe Co. just paid a dividend of $7.86 per share on its stock. The dividends are expected to grow at a constant rate

The JacksonTimberlake Wardrobe Co. just paid a dividend of $7.86 per share on its stock. The dividends are expected to grow at a constant rate of 4.26 percent per year indefinitely. Investors require a return of 6.36 percent on the company's stock.

What will the stock price be in three years?

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