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Hamid Gourmet made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.54 per share. Secondly,
Hamid Gourmet made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.54 per share. Secondly, all dividends after that will decrease by 1.0 percent annually. What is the value of this stock if the required rate of return is 9 percent? (Multiple Choice)
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