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Suppose Best Buy company is forecasting a constant annual decline in its dividends of 4% (i.e. the constant growth rate is -4%). What price would
Suppose Best Buy company is forecasting a constant annual decline in its dividends of 4% (i.e. the constant growth rate is -4%). What price would you expect to pay for the stock with a 9.6% required rate of return and an annual dividend of $3 which will be paid next year?
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