Question: > fx A B D E F 1 G H 2 3 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on

> fx A B D E F 1 G H 2 3 The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the stock, what is the current price? What will the price be in three years? In 15 years? 4 5 6 7 Current dividend Dividend growth rate Required return Price in Year Price in Year Price in Year 9 1.95 4% 10.5% 0 3 15 10 11 12. 13 14 Complete the following analysis. Do not hard code values in your calculations. 15 16 Dividend in one year Price today 17 18 19 Dividend in 4 vears

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