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JEN Corp. is expected to pay a dividend of $6.75 per year indefinitely. If the appropriate rate of return on this stock is 11 percent

JEN Corp. is expected to pay a dividend of $6.75 per year indefinitely. If the appropriate rate of return on this stock is 11 percent per year, and the stock consistently goes ex-dividend 30 days before dividend payment date, what will be the expected minimum price in light of the dividend payment logistics?

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