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Giant Squid Ink is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was

image text in transcribed Giant Squid Ink is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $4.10 a share but all future dividends will be decreased by 4 percent annually. What is a share of this stock worth today if the required rate of return is 15 percent? $35.78 $20.72 None of the answers is correct $21.58 $10.15

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