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MNO company pays a dividend of $3.00. Its stock has a constant growth rate of -5%. The required rate of return on this stock is
MNO company pays a dividend of $3.00. Its stock has a constant growth rate of -5%. The required rate of return on this stock is 10%. Using the Gordon or constant growth model, calculate the value of this stock.
Select one:
a. 59
b. 57
c. 17
d. 63
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