Dividends are expected to grow-what is current stock price

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The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.55 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 14 percent on the company's stock. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What will the stock price be in three years?

What will the stock price be in 7 years?

Reference no: EM131056248

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