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Future Motors paid a $3.30 a share annual dividend last year. Dividends are expected to decrease by 2.75 percent annually. What is one share of

Future Motors paid a $3.30 a share annual dividend last year. Dividends are expected to decrease by 2.75 percent annually. What is one share of this stock worth to you today if your required rate of return is 15 percent?

$17.59

$26.94

$16.30

$18.08

$24.56

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