Question: Not secure evto Question 3 tof o 0.40 points Timber Co. is a mature manufacturing firm. The company just paid o $5.40 annual dividend and

Not secure evto Question 3 tof o 0.40 points Timber Co. is a mature manufacturing firm. The company just paid o $5.40 annual dividend and expects to reduce the payout by 9 percent each year, indefinitely. How much are you willing to pay today per share to buy this stock if you require a return of 14.5 percent? o $89.35 O $20.91 $98.18 O $3479 O $18.27 References Learning Objective: 08-01 Ho depend on future dividend growth Choice Section 81Commos

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