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Business, 15.04.2020 15:48 princessroyal

Jefferson Mills just paid a dividend of $2 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require a 15 percent rate of return?

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Jefferson Mills just paid a dividend of $2 per share on its stock. The dividends are expected to gro...
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