The jacksonndashtimberlake wardrobe co just paid a dividend, Ask an Expert

Finance

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 11 percent on the company's stock. What will the stock price be in 14 years?

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Financial Management, Finance

Category:- Financial Management
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