ABC , Inc. is in a declining industry and has just announced that it will decrease its
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ABC, Inc. is in a declining industry and has just announced that it will decrease its dividend next year to $1.75. Every year thereafter, it is planning to reduce the dividend by 4%. The market rate of return is 9%. What is the current market price of the stock?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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