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6. Andersen Inc's. common stock just paid an annual dividend of $2.20. The company is slowly downsizing and is decreasing its dividend by 4 percent

6. Andersen Inc's. common stock just paid an annual dividend of $2.20. The company is slowly downsizing and is decreasing its dividend by 4 percent annually. What is the current value of this stock at a discount rate of 10 percent?

15.71

15.09

38.13

36.67

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