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What is the price of a share of stock if this company just paid a dividend of $2, the dividend would decrease by 5 percent
What is the price of a share of stock if this company just paid a dividend of $2, the dividend would decrease by 5 percent (g = -5%) annually and the required rate of return is 10 percent?
a. $11.5
b. $12.1
c. $12.6
d. $13.2
e. $13.8
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