Business, 04.08.2021 22:00 KillerV

JBK, Inc. normally pays an annual dividend. The last such dividend paid was $2.80, all future dividends are expected to grow at 6 percent, and the firm faces a required rate of return on equity of 11 percent. If the firm just announced that the next dividend will be an extraordinary dividend of $17.30 per share that is not expected to affect any other future dividends, what should the stock price be

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JBK, Inc. normally pays an annual dividend. The last such dividend paid was $2.80, all future divide...

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