Question: i know how to solve this but i got wrong excel formula. please help me with excel formula The Jackson-Timberlake Wardrobe Co. just paid a

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? $ Current dividend Dividend growth rate Required return Price in Year Price in Year Price in Year 1.95 4% 10.5% 0 3 15 Complete the following analysis. Do not hard code values in your calculations. Dividend in one year Price today Dividend in 4 years Price in 3 years B C D E F G H $ Current dividend Dividend growth rate Required return Price in Year Price in Year Price in Year 1.95 4% 10.5% 0 15 Complete the following analysis. Do not hard code values in your calculations. Dividend in one year $ Price today 2.03 Dividend in 4 years Price in 3 years Dividend in 16 years Price in 15 years
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