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Holt Enterprises sales are falling and costs are rising. As a result, the companys earnings and dividends are declining at the constant rate of 4%

Holt Enterprises sales are falling and costs are rising. As a result, the companys earnings and dividends are declining at the constant rate of 4% per year. The company recently paid a dividend of $2.00, and its required return is 10%. What is the value of Holt Enterprises stock?

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