Question: Answer the question correctly and accurately ***PUT THE ANSWER IN 3 DECIMALS*** Gear, paid an annual dividend of $11.2 per share last year the company

Answer the question correctly and accurately ***PUT THE ANSWER IN 3 DECIMALS***

Answer the question correctly and accurately ***PUT THE ANSWER IN 3 DECIMALS***

Gear, paid an annual dividend of $11.2 per share last year the company has been reducing the dividends by 8 percent annually required rate of return is 0.08 what is the price of the stock

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