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Business, 27.06.2019 03:20 joelhtx

The impulse shopper recently paid an annual dividend of $1.13 per share. the company just announced that it is suspending all dividend payments on its common stock for the next five years. after that, the company expects to pay $.50 a share at the end of each year. at a required return of 18 percent, what is this stock worth today? a. $0 b. $1.13 c. $2.78 d. $1.03 e. $1.21

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