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What should be the price of Jenson stock

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Reference no: EM132952929

Question - Jenson Co. just paid a $10.18 dividend. The company's dividends are expected to grow at a consistent rate of 6% indefinitely. Given a required rate of return of 12%, what should be the price of Jenson's stock?

(a) $180.00

(b) $187.04

(c) $195.40

(d) $190.80

Reference no: EM132952929

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