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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, Finance

Category:- Financial Management
Reference No.:- M92092674

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