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BlackWell Ink is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $

BlackWell Ink is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $0.90 a share but all future dividends will be decreased by 2% annually
A.) What is the expected dividend in year 6
B.) What is the expected price of the stock in year 12 if its required rate of return is 10%

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