Question: Glacier Co. has not kept pace with the times and is slowly seeing its sales and market share decline. Based on this trend, the firm

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Glacier Co. has not kept pace with the times and is slowly seeing its sales and market share decline. Based on this trend, the firm recently announced that its next annual dividend will be $5.0 a share and that all future dividends will be decreased by 1 percent annually. You require a 7 percent rate of return on this stock. What is one share of this stock worth to you today? $50.00 $83.33 $71.43 $22.50

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