The dividends are expected to grow at constant rate

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The Jackson-Timberlake wardrobe Co. just paid a dividend of $2.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 14 percent on 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 9 years?

Reference no: EM131986098

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