What will the stock price be in six years

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Reference no: EM131500445

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 3 percent per year indefinitely. Investors require a return of 11 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 6 years?

Reference no: EM131500445

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