Business, 07.01.2021 18:50, skylarhorse8068

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.52 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. Required:

a. If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?
b. What will the price be in 8 years?

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.52 per share on its stock. The divide...