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Dee's made two announcements concerning its common stock today. First, the company announced that this year's dividend is $2.00 a share. Secondly, all dividends after

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Dee's made two announcements concerning its common stock today. First, the company announced that this year's dividend is $2.00 a share. Secondly, all dividends after that will decrease by 1.00 percent annually. What is the value of this stock at a discount rate of 11.0 percent? $15.25$13.55$14.30$12.70$16.50

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