QuickHelper

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    Phoniex
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Category > Business & Finance Posted 26 May 2017 My Price 10.00

firm's annual dividend

Question description

 

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?

Answers

QuickHelper
(10)
Status NEW Posted 26 May 2017 05:05 PM My Price 10.00

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