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Jolly Juice Ltd. is expected to pay a $3.00 dividend next year and a $4 dividend in two years. After that, dividends are expected to
Jolly Juice Ltd. is expected to pay a $3.00 dividend next year and a $4 dividend in two years. After that, dividends are expected to grow at an annual rate of 5% forever. If investors require a return of 10% on the investment, what should jolly juice shares sell for today?
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