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Flatbush Shipyards is a no-growth company expected to pay a $12-per-share annual dividend into the distant future. Its cost of equity capital is15 percent. The
Flatbush Shipyards is a no-growth company expected to pay a $12-per-share annual dividend into the distant future. Its cost of equity capital is15 percent. The new president abhors the no-growth image and proposes to halve next year
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