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Hacker Cigarettes Company expects sales, earnings, and dividends to decline 5 percent in the foreseeable future due to rising taxes and falling demand. If their

Hacker Cigarettes Company expects sales, earnings, and dividends to decline 5 percent in the foreseeable future due to rising taxes and falling demand. If their dividend is currently $3.50 and the required return is 15 percent, what would the constant growth model predict for Hacker's stock price?

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