Question: please give answer as formula (using cell names) B D E F G H 1 2 3 The Jackson-Timberlake Wardrobe Co. just paid a dividend

B D E F G H 1 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 8 Current dividend Dividend growth rate Required return Price in Year Price in Year Price in Year 1.95 4% 10.5% 0 3 15 9 10 11 12 13 A D E F G 7 4% 8 B Dividend growth rate Required return Price in Year Price in Year Price in Year 9 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 years Price in 3 years 21 22 23 Dividend in 16 years Price in 15 years
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