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Business, 09.06.2021 19:30 kkmcfly

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.05 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. If investors require a 14 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? Answer with 2 decimals (e. g. 10.12).

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.05 per share on its stock. The divide...
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