DrakeMunson1843 DrakeMunson1843

03-06-2023
Business

contestada

JFG stock is expected to pay a dividend of $4.90 a share in one year. Thereafter, the expected annual growth rate of the dividend is 5.4%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 17.7% per annum? Answer to the nearest penny.

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