The Jackson Timberlake wardrobe co. Just paid a dividend of $1.30 per share on its stock. The

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The Jackson Timberlake wardrobe co. Just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely.

(a) if investors require a 10 percent return on the Jackson Timberlake wardrobe co. Stock, what is the current price?

(b) what will the price be in 9 years?

Posted Date: May 17, 2024 08:02 PM

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