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Posted on Sep 10, 2024

Farm Equipment, Inc announced this morning that its next annual dividend will be decreased to $1.80 a share and that future dividend will be decreased

Farm Equipment, Inc announced this morning that its next annual dividend will be decreased to $1.80 a share and that future dividend will be decreased by an additional 1.5% annually. What is the current value per share of this stock if the required return is 16.5%? (Please show how you came uo with the answer - thank you)

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