CJ Corp.is expected to pay a dividend of $10.00 per year indefinitely.If the appropriate rate of return on this stock is 15 percent per year,and the stock consistently goes ex-dividend 25 days before dividend payment date,what will be the expected minimum price in light of the dividend payment logistics?

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The Answer of CJ Corp.is expected to pay a dividend of $10.00 per year indefinitely.If the appropriate rate of return on this stock is 15 percent per year,and the stock consistently goes ex-dividend 25 days before dividend payment date,what will be the expected minimum price in light of the dividend payment logistics?

CJ CorpIs Expected to Pay a Dividend of $10