Jamps inc just paid a 150 dividend which is expected to


J&S Inc. just paid a $1.50 dividend which is expected to increase $.25 per share per year for the next 5 years. You plan to sell the stock in year 3 at an estimated price of $25 per share. What is the stock worth today (r=8%)?

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Financial Management: Jamps inc just paid a 150 dividend which is expected to
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