Question: plz answer Personal Finance Problem P7-6 Common stock valuation: Negative growth Ray Steel Company is a mature manufacturing company. The company just paid a $5

plz answer Personal Finance Problem P7-6 Common stock valuation: Negative growth

plz answer

Personal Finance Problem P7-6 Common stock valuation: Negative growth Ray Steel Company is a mature manufacturing company. The company just paid a $5 dividend and management wants to cut future dividends, reducing them by 2% each year indefinitely. If you require an 8% return on this stock, how much will you pay for it

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