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James Penner Corporation (JPC) just paid an annual dividend of $4.45 per share of common stock. Because JPC is so dynamic, industry analysts forecast an

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James Penner Corporation (JPC) just paid an annual dividend of $4.45 per share of common stock. Because JPC is so dynamic, industry analysts forecast an amazing annual growth rate of 8 percent forever. Given the JPC risk level, a 14 percent discount rate is appropriate. To the nearest dollar, how much is JPC stock worth today? 100 60 80 32 74

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