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Task1. The Jackson Johnson Wardrobe Co. just paid a dividend of $1.70 per share on its stock. The dividends are expected to grow at a stable rate of 5 percent per year indefinitely. Investors need a return of 15 percent on the company's stock.

problem1. What is current stock price?

problem2. What will the stock price be in 3 years?

problem3. What will the stock price be in 20 years?

Financial Accounting, Accounting

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