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Question 24 (3 points) Jasper Inc. is a young high-tech firm. In order to retain earnings for further growth, the company will pay no dividends

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Question 24 (3 points) Jasper Inc. is a young high-tech firm. In order to retain earnings for further growth, the company will pay no dividends over the next five years. The company plans to pay a $5 per share dividend in six years and will increase the dividend by 5% per year thereafter. The required return on this stock is 12%. What is the current stock price? Answer to the nearest cent. Your

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