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Jefferson mills just paid a dividend of $1.56 per share on its stock. the dividends are expected to grow at a constant rate of 8

Jefferson mills just paid a dividend of $1.56 per share on its stock. the dividends are expected to grow at a constant rate of 8 percent per year, indefinitely. what will the price of this stock be in 7 years if investors require a 15 percent rate of return

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