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Mount Juliet stock will pay antual dividends of $2.82 and $3.38 in ea.pdf

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Mount Juliet stock will pay antual dividends of $2.82 and $3.38 in each of the next fwo years, with the first dividend payment ocourring one wear from today. You alwo expect its price to be $34 immedlately after the second anncal dividend (l.e. exactly two years from today). If the stock's required rate of rehurn is 11.58 , what is a fair price for Mount Juliet stock today? Round your answer to the nearest penny..

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Mount Juliet stock will pay antual dividends of $2.82 and $3.38 in each of the next fwo years, with the first dividend payment ocourring one wear from today. You alwo expect its price to be $34 immedlately after the second anncal dividend (l.e. exactly two years from today). If the stock's required rate of rehurn is 11.58 , what is a fair price for Mount Juliet stock today? Round your answer to the nearest penny.

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