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  3. 1. jtl co. just paid a dividend of $2. dividends a

1. JTL Co. just paid a dividend of $2. Dividends are expected to grow at...

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Accounting

1. JTL Co. just paid a dividend of $2. Dividends are expected to grow at a constant rate of 3% per year indefinitely. If investors require a return of 10%, what is the current price? What will be price be in 3 years? State the formula. Show your work.

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