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What is the current price

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely If investors require a 13 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? What will the price be in 12 years?

Reference no: EM13688254

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