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The Declining Company's dividends are declining at an annual rate of 6 percent.The company just paid a dividend of $4 per share.You require a 16

  1. The Declining Company's dividends are declining at an annual rate of 6 percent.The company just paid a dividend of $4 per share.You require a 16 percent rate of return.How much will you pay for this stock?
  2. A.$19.20
  3. B.$17.09
  4. C.$15.33
  5. D.$13.85
  6. E.$21.78
  7. F.$12.57

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