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Please help ASAP! Thank you! Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of 4% and

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Assume that the average firm in C\&J Corporation's industry is expected to grow at a constant rate of 4% and that its dividend yield is 6%. C\&J is about as risky as the average firm in the industry and just paid a dividend (D0) of $1. Analysts expect that the growth rate of dividends will be 50% during the first year ( g0,1=50% ) and 25% during the second year (g1,2=25%). After Year 2, dividend growth will be constant at 4%. What is the required rate of return on C\&J's stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number. rs:P0:$

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