What is the current price of the stock for jimito inc

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Problem 1: Jimito Inc just paid a dividend of $ 10 per share. The dividend growth rate is expected to be 3.3% indefinitely. Investors require a return rate of 14.4% the first 4 years, and a rate of 6.5% from year 5 indefinitely. What is the current price of the stock?

Reference no: EM132794080

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