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Improved Muanyag is a mature manufacturing firm. The company just paid a $3.50 annual dividend, but management expects to reduce the payout by 2.75 percent

Improved Muanyag is a mature manufacturing firm. The company just paid a $3.50 annual dividend, but management expects to reduce the payout by 2.75 percent per year, indefinitely. If you require a 4 %...

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