The Jackson-Timberlake Wardrobe Co. Simply paid a dividend that \$2.15 every share ~ above its stock. The dividends room expected to prosper at a continuous rate the 4 percent every year indefinitely. Investors need a return that 10.5 percent top top the company's stock. 2.7 point out a. What is the existing stock price? (Do not round intermediate calculations and round her answer come 2 decimal places, e.g., 32.16.) b. What will certainly the stock price it is in in 3 years? (Do not round intermediary calculations and also round your answer come 2 decimal places, e.g., 32.16.) c. What will certainly the stock price it is in in 15 years? (Do not round intermediary calculations and also round your answer to 2 decimal places, e.g., 32.16.) eBook Hint print References b. Current price stock price in 3 years stock price in 15 years

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D1= D0(1+G)n

D1= 2.15(1+0.04)1

D1= 2.236

D4= 2.15(1+0.04)4

D4= 2.515195904

D16= 2.15(1+0.04)16

D16= 4.02690967816

Stock Price today

= \$ 34.4

Stock Price in 3 years

= \$ 38.69