What is appropriate value for one share of jd spirits today

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Problem 1: JD Spirits Inc stock is a growing company and does not anticipate paying a dividend for the next 12 years. The company has recently indicated that it will pay a dividend of $16.25 per share in 12 years and will increase that dividend 5% per year after that. What is the appropriate value for 1 share of JD Spirits today if the required rate of return is 12%.

Reference no: EM132969530

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