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Business, 05.01.2021 16:50 memos5502

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Required:(a) If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price

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