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Acorn Equity will reduce its annual dividend by 10 percent per year for the next two years. After that, it will maintain a constant dividend

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Acorn Equity will reduce its annual dividend by 10 percent per year for the next two years. After that, it will maintain a constant dividend of $.70 per share. The company just paid a dividend of $1.80 per share. What is the value of this stock if the required rate of return is 13 percent? Multiple Choice O $7.62 O $8.87 O $6.99 O $8.22 O $6.79

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