Description of this paper

The Jackson Co. just paid a dividend of $1.40 per share on its stock.

Description

solution


Question

The Jackson Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12% return on Jackson Co. stock, what is the current price? What will the price be in three years? In 15 years?

 

Paper#28278 | Written in 18-Jul-2015

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