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QUESTION
(Dividend discount model) High tech company JTG is expected to pay a total cash dividend of $8.40 next year and its dividends are expected to grow at...
(Dividend discount model) High tech company JTG is expected to pay a total cash dividend of $8.40 next year and its dividends are expected to grow at a rate of 6% per year forever. Assuming annual dividend payments, what is the current market value of a share of JTG stock if the required return on JTG common stock is 10%?
