Jay-Cee is expected to pay its first dividend of $0.20 in 2025.The dividend is then anticipated to
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Question:
Jay-Cee is expected to pay its first dividend of $0.20 in 2025.The dividend is then anticipated to increase at a constant 3% p.a. indefinitely.If the required return is 8%, what is a fair value of Jay-Cee in 2019?
a. $4.00
b. $2.72
c. $3.45
d. $2.94
e.$3.70
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