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Timberlake Wardrobe Co. just paid a dividend of $1.55 per sh

Timberlake Wardrobe Co. just paid a dividend of $1.55 per share on its stock. The divide… Show more 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? (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 7 years? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock price $ • Show less


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