Company J just paid a dividend of $2.1 per share on its stock. The dividends...
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Finance
Company J just paid a dividend of $2.1 per share on its stock. The dividends are expected to grow at a constant rate of 2.9 percent per year, indefinitely. If you require a return of 10.8 percent on this stock, what will the stock price be in five years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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