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Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of 5 % and that its dividend yield
Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of and that its dividend yield is C&J is about as risky as the average firm in the industry and just paid a dividend D of $ Analysts expect that the growth rate of dividends will be during the first year g and during the second year g After Year dividend growth will be constant at What is the required rate of return on C&Js stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number.
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