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Ray steel company just paid a $9 dividend. If you require a 9% return on this stock, how much a) If management wants to increase
Ray steel company just paid a $9 dividend. If you require a 9% return on this stock, how much a) If management wants to increase the dividend by 5% each year indefinitely. b) If management wants to reduce the dividend by 5% each year indefinitely. c) If management wants to neither increase nor decrease the dividend indefinitely
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