Calculate current and expected stock price

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Reference no: EM1344002

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.60 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. Investors require a return of 10 percent on the company's stock.

What is the current stock price?

What will the stock price be in three years?

What will the stock price be in 12 years?

Reference no: EM1344002

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