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Dee's made two announcements concerning its common stock today First, the company announced that the next annual dividend will be $ 1.94 a share. Secondly,

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Dee's made two announcements concerning its common stock today First, the company announced that the next annual dividend will be $ 1.94 a share. Secondly, all dividends after that will decrease by 1.25 percent annually. What is the value of this stock at a discount rate of 14.5 percent? $12.32 $12.10 $14.82. $14.51 $14.21

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