Question: solve problem, show equation and process. NO EXCEL 33. Jewel Industries' current common stock dividend is $3 per share and the dividend is expected to

solve problem, show equation and process. NO EXCEL

33. Jewel Industries' current common stock dividend is $3 per share and the dividend is expected to grow at 10% per year into the foreseeable future. The required return on the stock is 15 percent. What will the expected price for JI's common stock be in six years

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