The JacksonTimberlake Wardrobe Co. just paid a dividend of $1.50 per share on its stock....
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Accounting
The JacksonTimberlake Wardrobe Co. just paid a dividend of $1.50 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 10 percent on the company's stock.
What is the current stock price? (Round your answer to 2 decimal places. (e.g., 32.16))
Current price
$
What will the stock price be in three years? (Round your answer to 2 decimal places. (e.g., 32.16))
Stock price
$
What will the stock price be in 10 years? (Round your answer to 2 decimal places. (e.g., 32.16))
Stock price
$
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