(Answered) The jackson-timberlake wardrobe co just paid a dividend of

Finance

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.34 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely.

a. If investors require a 10 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?

b. What will the price be in 10 years?

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