Question: Question # 7 and # 8 use the following setup. The Jackson - Timberlake Wardrobe Co . will pay a dividend of $ 2 .

Question #7 and #8 use the following setup. The Jackson-Timberlake Wardrobe Co. will pay a dividend of $2.03 next year.
The dividends will 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 its current price?
Flag question: Question 8
Question 82 pts
What will the stock price be in three years?

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