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Jenstar paid a $3.20 dividend yesterday and it is expected to have an annual growth rate...

Jenstar paid a $3.20 dividend yesterday and it is expected to have an annual growth rate of 2% forever. If the required rate of return is 5%, what is the value of one share of Jenstar’s common stock? (Enter your answer to the nearest cent without $ or comma as XXXX.XX)

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jeff jeffy answered 2 years ago
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