What will the stock price be in ten years

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Reference no: EM132004177

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $8.26 per share on its stock. The dividends are expected to grow at a constant rate of 3.89 percent per year indefinitely. Investors require a return of 5.1 percent on the company's stock. What will the stock price be in 10 years?

Reference no: EM132004177

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