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A company is in its mature stage and is expected to pay a $5 dividend for 8 more years and then the company will cease

A company is in its mature stage and is expected to pay a $5 dividend for 8 more years and then the company will cease to exist. If

the required rate of return is 8%, what is the value today?

A. $26.03 B. $27.44 C. $27.98 D. $28.22 E. $28.73

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