Jj companies will pay an annual dividend of 210 a share on, Financial Management

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Jj companies will pay an annual dividend of 210 a share on

JJ Companies will pay an annual dividend of $2.10 a share on its common stock next year. Last week, the company paid a dividend of $2 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this stock be worth ten years from now if the applicable discount rate is 9 percent?

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Financial Management: Jj companies will pay an annual dividend of 210 a share on

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Financial Management: Jj companies will pay an annual dividend of 210 a share on

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