Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
JEN Corp. is expected to pay a dividend of $6.50 per year indefinitely.
JEN Corp. is expected to pay a dividend of $6.50 per year indefinitely. If the appropriate rate of return on this stock is 10 percent per year, and the stock consistently goes ex-dividend 10 days before dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?
