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The Red Bud Co. pays a constant dividend of $1.60 a share. The company announced today that it will continue to do this for another

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The Red Bud Co. pays a constant dividend of $1.60 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 7.2 percent

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