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36 54/75.00 Full Screen Accessibility 7 of 20 Question 7 Questions Because of declining world-wide sales of its number one confection, the petit Bearsbum Confection

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36 54/75.00 Full Screen Accessibility 7 of 20 Question 7 Questions Because of declining world-wide sales of its number one confection, the petit Bearsbum Confection announced today that it is suspending dividend payments on its preferred shares. The shares have a 6% annual dividend, a par value of $100, and are cumulative. The next dividend would have been paid tomorrow of it were notsuspended). Analysts expect Bearsbum's profits to rebound strongly in the next year and half due to the introduction of a new line of sour gummy bear paws. As a rosult analysts expect that Bearsbum will resumo dividends of $6.00 in two years' time. What is the fair price for the shares today it investors require a return of 7%? Question Question 10 $74.87 Question 11 $85.71 Question 12 $90.59 Quesan 13 Question 14 $30.11 Question 15 Question 16 Next yeah

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