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Plug and Play Inc. is in a declining industry at a rate of 14 percent per year indefinitely. If the discount rate is 8 percent

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Plug and Play Inc. is in a declining industry at a rate of 14 percent per year indefinitely. If the discount rate is 8 percent and a $3.20 per share dividend are just paid, what price do you forecast for the stock next year? (5 points) Problem 5. Page 5 of 8

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