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The Canning Company has been hard hit by increased competition. Analysts predict that earning (and dividends) will decline at a rate of 5 percent annually
The Canning Company has been hard hit by increased competition. Analysts predict that earning (and dividends) will decline at a rate of 5 percent annually into the foreseeable future. If Cannings last dividend (D) was $ 2.00, and investors required rate of return is 15 percent, what will be Cannings stock price in 3 years?
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