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Due to the advent and proliferation of life extension technology, the funeral services industry has...

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Due to the advent and proliferation of life extension technology, the funeral services industry has been seeing a steady year-to-year decline. Press Fis a publicly-listed, low-cost chain of funeral homes that specialises in helping bereaved families pay respects. The firm has just paid its annual dividend of $7.67 per share. Shares of Press F currently trade on the market for a price of $39.6 each with investors requiring a return of 15.6% per annum Based on the above information, what is the constant annual rate of decline that investors anticipate in the dividends of Press F? The constant annual rate of decline that investors anticipate in the size of the dividends of Press Fis (Round to four decimal places)

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