What is the current value of jacobee common stock

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Problem 1: During the past 10 years, Jacobee's common stock dividends have grown from $1.14 to $1.69. If the past growth of dividends is expected to continue at the same rate in the future, what is the current value of Jacobee's common stock to an investor who requires a 25% rate of return?

Option 1: $8.05

Option 2: $8.38

Option 3: $6.76

Option 4: 7.03

Reference no: EM132957148

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