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47. Jazper, Inc. just paid a dividend of $2.14 per share (that is, Do = 2.14). If the growth rate in Jazper's dividends is expected

47. Jazper, Inc. just paid a dividend of $2.14 per share (that is, Do = 2.14). If the growth rate in Jazper's dividends is expected to shrink every year (forever) by 8 percent (that is, g = -8.0%=-.08) and if Jazper's required rate of return on equity is 26.2%, what is the current equilibrium price of Jazper's stock? 48. Malcolm Marrufacturing, Inc. just paid a $2.00 annual dividend (that is, D = 2.00). There will be no dividend

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