Shares in Jemma's Jewels Ltd are currently selling for $22.66. The company is expected to...
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Shares in Jemma's Jewels Ltd are currently selling for $22.66. The company is expected to pay a dividend of $4.50 at the end of the year. If dividends are expected to grow at a constant rate of 4 percent per annum indefinitely, what is the required rate of return on JJ's shares? A 63.0% B. 14.3% C. 23.8% D 17.2%
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