Multiple Choice
A firm has been losing sales due to technological obsolescence. It projects growth for the future to be −2 percent. Its recent dividend was $2.00. What is the value of this stock when the required return is 9 percent?
A) $28.00
B) $29.14
C) $17.82
D) $15.52
Correct Answer:
Verified
Correct Answer:
Verified
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