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JKH Corporation is expected to pay the following dividends, d 1 =$1.34; d 2 = $1.78; d 3 = $2.01, for the next three years.
- JKH Corporation is expected to pay the following dividends, d1 =$1.34; d2 = $1.78; d3 = $2.01, for the next three years. The dividends will to grow constantly by 2.4%, and the appropriate discount rate is 7%, what is the current price of JKH stock?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
