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You are analyzing Jillian's Jewellery (JJ) stock for a possible purchase. JJ just paid a dividend of $1.50 yesterday. You expect the dividend to grow
You are analyzing Jillian's Jewellery (JJ) stock for a possible purchase. JJ just paid a dividend of $1.50 yesterday. You expect the dividend to grow at the rate of 6% per year for the next 3 years; if you buy the stock, you plan to hold it for 3 years and then sell it. What dividends do you expect for JJ stock over the next 3 years? In other words, calculate D1, D2 and D3. (0.5 mark)
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