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Problem 13 Intro Southern Power just paid an annual dividend of $6.4 per share. Because of increasing competition from home solar installations, the dividend is

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Problem 13 Intro Southern Power just paid an annual dividend of $6.4 per share. Because of increasing competition from home solar installations, the dividend is expected to shrink by 3% per year. The required rate of return is 8%. IB Attempt 1/10 for 10 pts. Part 1 What is the value of the stock? + decimals Submit

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