How much would expect the current stock price of jersey kids

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You researched Jersey Kids Corp on Yahoo Finance and you found the following 2020 financial information:

Annual dividends per share paid in 2020 - $3.00

Earnings per share - $2.50

Net Income - $2,500,000

Dividend growth rate for 2021 - 2%

Investor's required rate of return - 10%

Problem 1: Approximately how much would you expect the current stock price of Jersey Kids Corp to be in 2021?

Reference no: EM132744781

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