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Suppose the Jacksonville State Bank paid a dividend this year of $3.00 per share. Dividends are expected to grow at a rate of 5

Suppose the Jacksonville State Bank paid a dividend this year of $3.00 per share. Dividends are expected to grow at a rate of 5 percent per year from now on. Given the risk of Jacksonville State Bank, the correct discount rate for this bank is 14 percent. What should the value of Jacksonville State Bank's stock be in the market?

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