JPH Corporation has just signed a large deal with one of its customers. Dividends are...
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JPH Corporation has just signed a large deal with one of its customers. Dividends are expected to grow at rates of 10%, 15%, and 20% over the next three years. The fourth year and all following years, growth is expected to be 10%. Pat is interested in purchasing 20 shares of JPH, how much would he be willing to pay if the market rate of interest is 12% and JPH has just paid dividends of $2.00 per share
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