Question: answer according to the table thank you 4) MJ LTD is expected to grow at various rates over the next five years. The company just

answer according to the table thank you answer according to the table thank you 4) MJ LTD is expected

4) MJ LTD is expected to grow at various rates over the next five years. The company just paid a $1.00 dividend. The company expects to grow at 20% for the next two years (affecting D1 and D2), then the company expects to grow at 10% for three additional years (D3, D4, D5) after which the company expects to grow at a constant rate of 5% per year indefinitely. If the required rate of return on MJ 's common stock is 12%, then what is a share of MJ's stock worth? (10 MARKS)

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