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Jones, Inc. just paid a dividend of $2.20 that is expected to grow at 55% per year for the next three years, then grow at
Jones, Inc. just paid a dividend of $2.20 that is expected to grow at 55% per year for the next three years, then grow at a constant rate of 6% per year. If the required return is 10%, what is the most you would be willing to pay for the stock today
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