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The next dividend for the Jimmy company will be $6 per share. Investors require a 20-percent return on companies such as the Jimmy Company. Jimmy's
The next dividend for the Jimmy company will be $6 per share. Investors require a 20-percent return on companies such as the Jimmy Company. Jimmy's dividends are expected to increase by 10 percent every year. Based on the dividend growth model, what's the value of the stock today?
A. $30
B. $66
C. $60
D. $120
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