The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.36 per share on its stock. The dividends
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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.36 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require a return of 13 percent on the company’s stock, what is the current price? What will the price be in three years? In 14 years?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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