A company just paid its annual dividend of $4.5 per share. The company will reduce...
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Finance
A company just paid its annual dividend of $4.5 per share. The company will reduce its dividends by 2.2 percent per year forever. What would you pay for a share of stock if you require a return of 10 percent? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.
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