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JCPs market share is eroding on a national level.
As a result, the companys earnings and dividends are declining at a constant rate of 5.00% per year.
The firm recently paid a dividend in the amount of $5.00 per share.
The expected return on the stock is 15.0%.
What is the current stock price of JCP
| | a. | $32.57 |
| | b. | $23.75 |
| | c. | $52.50 |
| | d. | $25.05 |
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