What should be the price of miller juice stock today

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Reference no: EM131324718

Miller Juice, Inc. is not paying a dividend right now, but is expected to pay a $2.1 dividend two years from now. Investors expect that dividend to grow by 5% every year forever. If the required return on the stock investment is 10%, what should be the price of Miller Juice stock today?

Reference no: EM131324718

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