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JBT company just paid a dividend of 2. Dividends are expected to grow at a constant rate of 2% forever and the required return for

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JBT company just paid a dividend of 2. Dividends are expected to grow at a constant rate of 2% forever and the required return for the company is 13% You buy the stock at these conditions One year later the company pays D, as expected and then immediately announces news about the company. Because of the new information, investors suddenly expect the constant growth rate in the stock will be 5% What is your rate of return on this investment if you sell the shares after the news is announced? Answer to 4 decimal places, for example 0 1234

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