Solved: If the appropriate rate of return on this stock is 10, Business Management

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If the appropriate rate of return on this stock is 10

JEN Corp. is expected to pay a dividend of $6.50 per year indefinitely. If the appropriate rate of return on this stock is 10 percent per year, and the stock consistently goes ex-dividend 10 days before dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?

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Business Management: If the appropriate rate of return on this stock is 10

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