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Business, 23.03.2021 03:50 brattymoo1009

General Importers announced that it will pay a dividend of $3.85 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 5 years. Then, 7 years from today, the company will begin paying an annual dividend of $1.95 forever. The required return is 11.8 percent. What is the price of the stock today

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General Importers announced that it will pay a dividend of $3.85 per share one year from today. Afte...
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