Question: Jetson Industries expects to pay a $ 5 . 0 0 per share dividend on its common stock at the end of the year (

Jetson Industries expects to pay a $5.00 per share dividend on its common stock at the end of the year (D1= $5.00). The dividend is expected to grow 12 percent a year until t =4, after which time the dividend is expected to grow at a constant rate of 6 percent a year. The stocks required rate of return is 11%. What is the companys current stock price?

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