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Question 4 Due to the advent and proliferation of life extension technology, the funeral services industry has been seeing a steady year-to-year decline. Press F

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Question 4 Due to the advent and proliferation of life extension technology, the funeral services industry has been seeing a steady year-to-year decline. Press F is a publicly-listed, low-cost chain of funeral homes that specialises in helping bereaved families pay respects. The firm has just(paid its annual dividend of $7.75 per share. Shares of Press F currently trade on the market for a price of $59.76 each, with investors requiring a return of 15.5% per annum. = 15:57 Based on the above information, which of the following is closest to the constant annual rate of decline that investors anticipate in the dividends of Press F? 9- ? FIX ERR a. 4.96% b. 3.34%

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