Finance question 1 answer below »

The Jackson'Timberlake Wardrobe Co. just paid a dividend of $1.45 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 11 percent on the company's stock. What is the current stock price? (Round your answer to 2 decimal places. (e.g., 32.16))

What will the stock price be in three years? (Round your answer to 2 decimal places. (e.g., 32.16))

What will the stock price be in 15 years? (Round your answer to 2 decimal places. (e.g., 32.16))

 

Looking for a Similar Assignment? Hire our Top Techical Tutors while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Active Discount Code FREE15