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Xinhua Inc. just paid a dividend of $1.00. The dividend is expected to grow at a constant rate of 5% (negative 5% ) per year.

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Xinhua Inc. just paid a dividend of $1.00. The dividend is expected to grow at a constant rate of 5% (negative 5% ) per year. If rS =15%, what is the value of the share 10 years from now (P10) ? $4.75 $9.50 $2.84

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