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Joven Corp. is a young start - up company and therefore is not paying any dividends on the stock over the next 9 years. The

Joven Corp. is a young start-up company and therefore is not paying any dividends on the stock over the next 9 years. The company will start paying a $3 per share dividend at the end of year 10 and thereafter it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 8%, what is the current (today's) share price?
Question 11 options:
17.08
23.02
21.12
25.00
20.00
12.71
14.64
22.22
30.01

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