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A person has much of his savings invested in 15,000 shares of Grass Roots common stock. The stock is currently selling for $12 per share
A person has much of his savings invested in 15,000 shares of Grass Roots common stock. The stock is currently selling for $12 per share and has been paying a dividend of $.75 per share. Grass Roots has discontinued its dividend but begins to grow at 7% a year. Assuming no transaction costs.
How can this person maintain his income and his position in the firm at the end of the year?
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