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Problem 5 (5 points) Irrelevant Trivia, Inc. produces and sells trivial products that nobody really demands anymore. Therefore, its sales and profits are expected to
Problem 5 (5 points) Irrelevant Trivia, Inc. produces and sells trivial products that nobody really demands anymore. Therefore, its sales and profits are expected to decrease at a rate of 5% per year indefinitely. The company has decided to keep on decreasing their dividend payments at the same rate as the drop in sales and profits. The company just paid a dividend of $4.00. What should the price of a share of Irrelevant Trivia, Inc. be in 5 years if its required rate of return is 12%
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