What will the stock price be in three years

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.55 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. Investors require a return of 14 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 7 years?

 

Reference no: EM13260939

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