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Jefferson's recently paid an annual dividend of $1.33 per share. The dividend is expected to decrease by 3% each year. How much should you pay

Jefferson's recently paid an annual dividend of $1.33 per share. The dividend is expected to decrease by 3% each year. How much should you pay for this stock today if your required return is 17%? $6.45 $5.74 $10.48 $6.29

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