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The Canning Company has been hard hit by increased competition. Analysts predict that earnings (and dividends) will decline at a rate of 5% annually into the foreseeable future. If Canning's last dividend (D0) was $2.00, and investors' required rate of return is 15%, what will be Canning's stock price in 3 years?
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The Canning Company has been hard hit by increased competition. Analysts predict that earnings (and...
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