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Decker Incorporated's common stock currently trades at $45/ share and recently paid a $3 dividend. The company plans to reduce dividends by a constant 2%

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Decker Incorporated's common stock currently trades at $45/ share and recently paid a $3 dividend. The company plans to reduce dividends by a constant 2% rate in order to reinvest in itself for the foreseeable future. All else being equal, what effect with this change have on the value of Decker's common stock? It will increase. It will decrease. It will be unaffected by the change Cannot be determined

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