The jackson-timberlake wardrobe co just paid a dividend of

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Reference no: EM13619804

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.34 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely.

Required:

(a)If investors require a 10 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?

Reference no: EM13619804

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