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Jackson Hole stock paid a current dividend of $ 3 per share and this dividend is expected to grow at a rate of o for the first four years and then slow to a rate of 3 % for the forseeable future , the interest rate is 11 % . at is the current price ?

Jackson Hole stock paid a current dividend of $3 per share and this dividend is expected to grow at a rate of 18% for the fir
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Answer #1

current Price of share = $63.34 (approx).

discounting factor (dp@114.) 0 x® I 3.54 3.54 0.901 3.18 3.39 4.18 0.812 4.93 0.731 3.60 4 5.82 0.6587 3.83 14.02 Stepzi- D5

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