What will the stock price be in three years

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Reference no: EM13883184

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $9.72 per share on its stock. The dividends are expected to grow at a constant rate of 2.18 percent per year indefinitely. Investors require a return of 6.58 percent on the company's stock.

What will the stock price be in three years?

Reference no: EM13883184

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