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Homework answers / question archive / The Jackson-Timberlake Wardrobe Co
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.54 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year indefinitely a. If investors require a return of 15 percent on the company's stock, what is the current price? $23.76 $24.24 $23.28 $22.00 $6.70 b. What will the price be in 19 years? $102.54 $104.59 $100.49 $94.95 $28.90
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