JFG stock is expected to pay a dividend of $2.80 a share in one year. Thereafter, the expected annual growth rate of the dividend is 3.7%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 12.3% per annum? Answer to the nearest penny. Answer: JFG stock is expected to pay a dividend of $2.80 a share in one year. Thereafter, the expected annual growth rate of the dividend is 3.7%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 12.3% per annum? Answer to the nearest penny