The NoCanDo Company has been hit hard due to increased competition. The company's analysts predict...
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The NoCanDo Company has been hit hard due to increased competition. The company's analysts predict that eamings (and dividends) will decline at a rate of 5% annually for an indefinite period of time. Assume that the required return consists of a 3% dividend yield and 8% capital gain components, and that the most recent divident per share was $2.00. What will be the price of the company's stock in three years
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