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What is the current share price for jenny lodging inc

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Reference no: EM132595023

Question 1: Jenny's Lodging Inc. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $3.10, what is the current share price?

Reference no: EM132595023

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