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CIS corporation currently pays a dividend of $2 per share. Assume that CIS is expected to grow (shrink) at a constant rate of negative 5%

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CIS corporation currently pays a dividend of $2 per share. Assume that CIS is expected to grow (shrink) at a constant rate of negative 5% and has a required rate of return on equity of 10%, what is the value of CIS stock? $16.75 $12.67 $8.50 $24.67 o s

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