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QUESTION
You are analyzing Jillian's Jewlery (JJ) stock for a possible purchase. JJ just paid a dividend of $2.25 yesterday.
You are analyzing Jillian's Jewlery (JJ) stock for a possible purchase. JJ just paid a dividend of $2.25 yesterday. You expect the dividend to grow at the rate of 5% per year for the next 3 years; if you buy the stock, you plan to hold it for 3 years and then sell it.
