The jackson-timberlake wardrobe co. just paid a dividend of $2.15 per share on its stock. the dividends are expected to grow at a constant rate of 4 percent per year indefinitely. if investors require a return of 10.5 percent on the company’s stock,

(a)-what is the current price?

(b)-what will the price be in three years?

( will the price be 15 years?

a)  

$34.4

b)

$37.20

c) $59.57

Explanation:

Given:

Dividend paid = $2.15

Growth rate = 4% = 0.04

Required return = 10.5% = 0.105

Now,

a) Present value =

for the current price n = 1

thus,

Current price =

=  

=  $34.4

b) Price in 3 years

i.e n = 3

=

=  

=

$37.20

c) Price in 15 years

i.e n = 15

=

=  

=  $59.57

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

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- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.