Business
Business, 23.07.2019 02:20, neariah24

The jackson-timberlake wardrobe co. just paid a dividend of $1.90 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 10 percent on the company's stock. a. what is the current stock price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what will the stock price be in 3 years? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. what will the stock price be in 5 years? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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