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Business, 08.11.2019 03:31 juniorcehand04

Horseshoe stables is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. the last annual dividend was $.86 a share but all future dividends will be decreased by 3.5 percent annually. what is a share of this stock worth today at a required return of 17.8 percent? a) $3.06b) $3.90c) $3.41d) $3.59e) $3.95

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