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JMM Ltd. is growing at a rapid pace. Dividends are expected to grow at a rate of 25% for the next 5 years, after which
JMM Ltd. is growing at a rapid pace. Dividends are expected to grow at a rate of 25% for the next 5 years, after which the growth rate will fall off to a constant rate of 8% per year thereafter. The company has just paid a dividend of 4.75. If the required rate of return is 14%, what is the current price of the share
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