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La la Land's made two announcements regarding its common shares today. First, the company announced that the next annual dividend will be $1.23 a share.
La la Land's made two announcements regarding its common shares today. First, the company announced that the next annual dividend will be $1.23 a share. Secondly, all dividends after that will decrease by 1.02 percent annually. What is the value of this stock at a discount rate of 10.2 percent?
A. | $10.01 | |
B. | $10.96 | |
C. | $11.11 | |
D. | $9.99 | |
E. | $9.49 |
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