Question: True or False? -- Widgets Inc. forecasts that it will pay a dividend of $5 next year, and expects that the dividend will shrink by

True or False? -- Widgets Inc. forecasts that it will pay a dividend of $5 next year, and expects that the dividend will shrink by 1.20% per year. If the discount rate is 10.00%, the price of Widget's stock today is greater than $45

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