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Jones Distributing Corporation is expected to pay a dividend of $4.75 next year. Jones is expected to then have a growth rate of 8% for
Jones Distributing Corporation is expected to pay a dividend of $4.75 next year. Jones is expected to then have a growth rate of 8% for the following three years. After the high growth period is over, growth is expected to be 6% indefinitely. If your required rate of return is 10%, what is the value of a share of Jones?
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