JL Tools is a young start-up company.The company expects to pay its first dividend of $.20 a share in Year 6 with annual dividend increases of 1.5 percent thereafter.At a required return of 12 percent, what is the current share price?

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The Answer of JL Tools is a young start-up company.The company expects to pay its first dividend of $.20 a share in Year 6 with annual dividend increases of 1.5 percent thereafter.At a required return of 12 percent, what is the current share price?

JL Tools Is a Young Start-Up Company