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You are trying to calculate the value today, of a share of Hot Spot Co. The firm is decreasing its annual dividend, paid in one

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You are trying to calculate the value today, of a share of Hot Spot Co. The firm is decreasing its annual dividend, paid in one year from today, to $6.45, and is setting a policy for the dividend to decrease by 2% annually thereafter. Assume the required rate of return is 23%. A $23.80 B $25.28 $25.80 D $31.33

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