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You own shares of Oriole DVD Company and are interested in selling them. With so many people downloading music these days, sales, profits, and dividends

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You own shares of Oriole DVD Company and are interested in selling them. With so many people downloading music these days, sales, profits, and dividends at Oriole have been declining 6 percent per year. The firm just paid a dividend of $1.70 per share. The required rate of return for a stock this risky is 14 percent. If dividends are expected to decline at 6 percent per year, what is a share of the stock worth today? (Round answer to 2 decimal places, eg. 15.2p) Worth of share of stock $ Sunland Corp. will pay dividends of $5.00,$6.25,$4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 7 percent. If the required rate of return is 20,00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, eg. 15.20.) Currentvalue

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