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corporate finance can you please do it and explain Afirm with no debt has 1500 shares of stock outstanding with a market value of 90

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Afirm with no debt has 1500 shares of stock outstanding with a market value of 90 per share. The stock is expected to pay annual dividends of 10 per share into perpetuity with the next dividend arriving one year from today. The firm borrows 45,000 and uses the funds to repurchase shares of its own stock. The debt will be held into perpetuity with the firm making annual interest payments at an annual effect rate of 6%. The interest payments occur at the same time as the dividend payments. Determine the new expected annual dividend payment. 14.91 12.95 O 13.60 14.26 O 12.30

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