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Question 11 Not yet answered Marked out of 7.00 Flag question Firefly Company just paid a dividend of $15 per share, but the management expects

Question 11 Not yet answered Marked out of 7.00 Flag question Firefly Company just paid a dividend of $15 per share, but the management expects to reduce the payout by 5 percent per year indefinitely. If you require a return of 10 percent on this stock, what will you pay for a share today? Online calculator: https://www.desmos.com/scientific

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