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A firm plans to reduce its annual dividend by 10% a year for the next two years. After that, it will maintain a constant dividend

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A firm plans to reduce its annual dividend by 10% a year for the next two years. After that, it will maintain a constant dividend of $2 a share. Last year, the company paid an annual dividend of $3 per share. What is the market value of this stock if the required return is 13.7 percent? $14.19 O $15.55 O $15.84 $15.08 O $14.63

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