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Southern Costal Inc. is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The most recent annual dividend

Southern Costal Inc. is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The most recent annual dividend was $0.90 a share but all future dividends will be decreased by 5 percent annually. What is a share of this stock worth today at a required return of 14 percent?Due today

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