Question: Please show work or you will not get 5 stars! Farm Equipment, Inc. announced this morning that its next annual dividend will be decreased to

Please show work or you will not get 5 stars! Farm

Please show work or you will not get 5 stars!

Farm Equipment, Inc. announced this morning that its next annual dividend will be decreased to $1.80 a share and that all future dividends will be decreased by an additional 1.5 percent annually. What is the current value per share of this stock if the required return is 16.5 percent? $8 $10 $12 $14 $16 Farm Equipment, Inc. announced this morning that its next annual dividend will be decreased to $1.80 a share and that all future dividends will be decreased by an additional 1.5 percent annually. What is the current value per share of this stock if the required return is 16.5 percent? $8 $10 $12 $14 $16

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