What will the stock price be in three years

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock today. The dividends will grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the stock, what is its current price? What will the stock price be in three years?

Reference no: EM131975196

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