Question: In Excel formulas please The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow
In Excel formulas please
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 $ 31.20 Dividend in 4 years Price in 3 years Dividend in 16 years Price in 15 years
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