Check my work mode : This shows what is correct or incorrect for the work you have completed so 1 The Jackson-Timberlake Wardrobe Company just paid a dividend of $1.46 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year 5 indefinitely a. If investors require a return of 10 percent on the company's stock, what is the current price? Answer is complete but not entirely correct. Current price $31.27 X b. What will the price be in 10 years? Answer is complete but not entirely correct. Stock price in 10 years $47.56 2 The next dividend payment by Savitz, Incorporated, will be $4.75 per share. The dividends are anticipated to maintain a growth rate of 2 percent forever If the stock currently sells for $43 per share, what is the required return? Book References Multiple Choice 2.00% 11.05% 12.79 13.05% 12.39% 4 Burnett Corporation pays a constant $11 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 8 percent, what is the current share price? Multiple Choice $101.69 $92.27 $98.86 $165.00 $9415