Question: Please ans me quickly. I have 25 mins left to answer. A rural telephone operator has a large number of tandline castomers. As the use

Please ans me quickly. I have 25 mins left to answer.
Please ans me quickly. I have 25 mins left to answer. A

A rural telephone operator has a large number of tandline castomers. As the use of landline phones decline dramatically, the firm has decided to cut its dividend every vear by 1.5% indefinitely (i.e. a negative growth rate). The most recent dividend the firm pald was $3.20 per share. As $3 ining a required rate of return of 8.2%. Which of the following is the best estimate of the firm's current fair value? 53249 529,81 324 10204

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