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HDY Company is a mature manufacturing firm. The company just paid an annual dividend of $2.75, but management expects to reduce future payouts by 3.5
HDY Company is a mature manufacturing firm. The company just paid an annual dividend of $2.75, but management expects to reduce future payouts by 3.5 percent per year, indefinitely. What is this stock worth today at a required return of 12.8 percent? O $16.28 O $17.22 O $18.27 O $13.50 O $20.00
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