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The board of directors of Scooter World, Inc. has declared $5.00 common stock dividend and accepted a plan to freeze the dividend at $5 per

The board of directors of Scooter World, Inc. has declared $5.00 common stock dividend and accepted a plan to freeze the dividend at $5 per year indefinitely. What is the value of the Scooter World's common stock if the required rate of interest is 15 percent? (show work)

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