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The jackson-timberlake wardrobe co just paid a dividend of

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.45 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require a return of 11 percent on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? What will the price be in 3 years? In 15 years?

Reference no: EM13478317

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