Calculating current and future stock price


The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.60 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 10 percent on the company's stock.

What is the current stock price?

What will the stock price be in three years?

What will the stock price be in 12 years?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Calculating current and future stock price
Reference No:- TGS025060

Expected delivery within 24 Hours