Jindabyne Brewing Ltd (JBL) recently paid a dividend of $0.85.This dividend is expected to grow at a constant rate of 4% p.a.The company's shareholders require a return of 8% p.a.on their invested capital.Assuming that these figures are accurate,what will be JBL's share price in four years' time?
A) $21.25
B) $24.68
C) $22.10
D) $25.86
Correct Answer:
Verified
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