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Business, 27.03.2020 00:46 bartfrank447

Hardwoods, Inc. is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 9 percent each year, indefinitely. How much are you willing to pay today per share to buy this stock if you require a 15 percent rate of return

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Hardwoods, Inc. is a mature manufacturing firm. The company just paid a $10 dividend, but management...
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