Question: A company has seen a decrease in its business and has decided to decrease its dividend payout by 4% per year. If the investor's required

A company has seen a decrease in its business and has decided to decrease its dividend payout by 4% per year. If the investor's required rate of return is 10%, what is the value of one share of common stock, if it recently paid a dividend of $4?

Please solve using formulas or financial calculator inputs (No Excel please)

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