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Jia's Fashions recently paid a $2.34 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually
Jia's Fashions recently paid a $2.34 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually thereafter. Based on this information, how much should Jia's Fashions common stock sell for today if her required return is 10.5%?
Select one:
a. $60.80
b. $54.90
c. $69.22
d. $59.16
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