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Question: The Jackson-Timberlake Wardrobe (JTW) Co. just paid a dividend of $1.95 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 10.5 percent return on JTW stock, what is the current price? What will the price be in three years? In 15 years?  Edit

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