Question: Jora Corp. is expected to pay a $2 per share dividend at the end of the year (that is, D1 = $2). The dividend is

Jora Corp. is expected to pay a $2 per share dividend at the end of the year (that is, D1 = $2). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 10%. What is the stocks current value per share?

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