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JEN Corp. is expected to pay a dividend of $5.50 per year indefinitely. If the appropriate

JEN Corp. is expected to pay a dividend of $5.50 per year indefinitely. If the appropriate

JEN Corp. is expected to pay a dividend of $5.50 per year indefinitely. If the appropriate rate of return on this stock is 11 percent per year, and the stock consistently goes ex-dividend 30 days before dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?

*Show your work

A) $49.57

B) $55.03

C) $44.07

D) $50.00

Abhinav 05-Dec-2019

Answer (UnSolved)

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