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(4 marks) Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent next year, 18 percent the following year, and then

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(4 marks) Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent next year, 18 percent the following year, and then decrease at 2 percent per year indefinitely. You require a 12 percent return on this stock, and the company just paid a $2.00 dividend today, what will you be willing to pay per share today

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