Use the financial formula to do this question.

US- ? E Calculating stock price - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In Calibri 11 -AA Paste BIU- % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font A1 V A B D E F G H I J 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 9 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 20 Dividend in 4 years Price in 3 vears Sheet1 READY el + 100% Attempt(s) Hint XIA Calculating stock price - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A Paste BIU- % % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font A Cells A1 V B D E F G H I 7 8 9 Dividend growth rate Required return Price in Year Price in Year Price in Year 4% 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 20 21 22 23 Dividend in 16 years Price in 15 years 24 25 26 27 Sheet1 + BE READY Attempt(s) 100% Hint