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The JacksonTimberlake Wardrobe Co. just paid a dividend of $4.64 per share on its stock. The dividends are expected to grow at a constant rate
The JacksonTimberlake Wardrobe Co. just paid a dividend of $4.64 per share on its stock. The dividends are expected to grow at a constant rate of 4.37 percent per year indefinitely. Investors require a return of 5.98 percent on the company's stock. What will the stock price be in three years?
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