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c. You estimated a required rate of return on LC Penney (NYSE: JCP) Stock as 8.8 % using the CAPM. On examination, you believe stable
c. You estimated a required rate of return on LC Penney (NYSE: JCP) Stock as 8.8 % using the CAPM. On examination, you believe stable growth at a rate of 6%is a good description of the long-term prospects of JCP, JCP's current dividend is K0.50. culate the Gordon growth model value for JCP stock
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