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Question2: J&J Exporters paid a $1.80 per share annual dividend last month. The company is planning on paying $2.00, $2.50,$2.75, and $3.00 a share over

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Question2: J\&J Exporters paid a $1.80 per share annual dividend last month. The company is planning on paying $2.00, $2.50,$2.75, and $3.00 a share over the next four years, respectively. After that the dividend will be constant at $3.20 per share per year. What is the market price of this stock if the market rate of return is 13 percent? (2 marks)

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