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Main Street Antiques is planning on paying an annual dividend of $2.40 per share next year. The company is slowly downsizing and is decreasing its

  1. Main Street Antiques is planning on paying an annual dividend of $2.40 per share next year. The company is slowly downsizing and is decreasing its dividend by 2 percent annually. What is the current value of this stock at a discount rate of 15 percent?

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