Question: This morning, a firm paid its annual dividend of $ 1 . 1 2 per share. The firm has been reducing its dividends by 4

This morning, a firm paid its annual dividend of $

1.12

per share. The firm has been reducing its dividends by

4

percent each year. The required rate of return is

17

percent. What is one share of stock worth today?

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Short Term Financial Management 1st Edition by Ned C Hill

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