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please help P7-21 (similar to) Question Help Management action and stock value REH Corporation's most recent dividend was $1.98 per share, its expected annual rate
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P7-21 (similar to) Question Help Management action and stock value REH Corporation's most recent dividend was $1.98 per share, its expected annual rate of dividend growth is 5%, and the required return is now 15%. A variety of proposals are being considered by management to redirect the firm's activities. Determine the impact on share price for each of the following proposed actions a. Do nothing, which will leave the key financial variables unchanged. Bo the nearest cent) c. If the firm eliminates an unprofitable product line that will increase the dividend growth rate to 8% and raise the required return to 18%, the value of the firm will be (Round to the nearest cont.) Enter your answer in the answer box and then click Check Step by Step Solution
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