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JCPs market share is eroding on a national level. As a result, the companys...

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Finance

JCPs market share is eroding on a national level.

As a result, the companys earnings and dividends are declining at a constant rate of 5.00% per year.

The firm recently paid a dividend in the amount of $5.00 per share.

The expected return on the stock is 15.0%.

What is the current stock price of JCP

a.

$32.57
b.

$23.75
c.

$52.50
d.

$25.05

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