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JFL, Inc. is expected to issue a dividend of $2.00. The dividend for the following three years will grow at a rate of 20% per
JFL, Inc. is expected to issue a dividend of $2.00. The dividend for the following three years will grow at a rate of 20% per year before leveling off at a constant rate of 5%. What is the price of the stock today and a year from now if the required return on the stock is 10%?
** If you can please explain. Thanks!
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