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Teal Corp. has been having trouble. The last dividend was $ 2 . 8 4 , and it's projected to fall 4 % per year

Teal Corp. has been having trouble. The last dividend was $

2.84,

and

it's projected to fall

4 %

per year indefinitely. If the required return is

6 %,

what is Teal

Corp.

'

s stock

price?

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