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Due to intense competition, XYZ firm's earnings and dividends can only be expected to decline by 2% into the foreseeable future. Its latest dividend was
Due to intense competition, XYZ firm's earnings and dividends can only be expected to decline by 2% into the foreseeable future. Its latest dividend was $2.12/share. Its required return is estimated to be 12%. Estimate XYZ stock price today. Ans.: XYZ's stock price = $. /share. = 21.62 20.78 14.84 12.48
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