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Jackson Inc.'s most recent dividend was $2.25 per share. The annual growth rate in dividends is expected to be 6% and Jackson's shareholders require a
Jackson Inc.'s most recent dividend was $2.25 per share. The annual growth rate in dividends is expected to be 6% and Jackson's shareholders require a return of 11%. The stock price is closest to:
a. $47.70.
b. $67.50.
c. $71.55.
d. $45.00.
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