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Foxtrap Inc. is a mature manufacturing firm. The company just paida $9.40 dividend, but management expects to reduce the payout by 4%per year indefinitely. If

Foxtrap Inc. is a mature manufacturing firm. The company just paida $9.40 dividend, but management expects to reduce the payout by 4%per year indefinitely. If you require a 10% return on this stock, 2 answers

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