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A company you are researching to invest in is shrinking. You want to estimate the price that would allow you to earn an expected 8.5%

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A company you are researching to invest in is shrinking. You want to estimate the price that would allow you to earn an expected 8.5% return. The firm has been cutting its dividend at an average rate of 5.0% per year. You expect the firm to pay a dividend of $4.15 next year. A company you are researching to invest in is shrinking. You want to estimate the price that would allow you to earn an expected 8.5% return. The firm has been cutting its dividend at an average rate of 5.0% per year. You expect the firm to pay a dividend of $4.15 next year

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