Mathematics, 18.03.2020 21:30 jameslinimk

The last dividend paid by JA Inc., was $1.00. JA's growth rate is expected to be a constant 8% for three years, after which the growth rate is expected to be 10%. Investors require a return of 16% on stocks like Abbot. What should the price of JA's stock be? Set your calculator to 4 decimal places.

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The last dividend paid by JA Inc., was $1.00. JA's growth rate is expected to be a constant 8% for t...