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Nike just paid its annual dividend of $1.57 per share. You believe Nike's dividends will decrease at a rate of 3.7% per year going forward.

image text in transcribed Nike just paid its annual dividend of $1.57 per share. You believe Nike's dividends will decrease at a rate of 3.7% per year going forward. Based on your research you estimate, an appropriate discount rate for Nike is 9.3%. Using the DDM, what is fair price for a share of Nike

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