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NetFlix, Inc. is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $

NetFlix, Inc. is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $ 2.70 a share which was paid yesterday. However, all future dividends will be decreased by 4.00 percent annually. What is a share of this stock worth today at a required return of 6.00 percent?

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