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The Jackson-Timeberlake Wardrobe just CO. paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate

The Jackson-Timeberlake Wardrobe just CO. paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require an 11percent return on The JTW stock, what is the current price? what will the price be in three years? In 15 years?

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