Business
Business, 21.04.2020 20:15, mitetwojr

You own shares of Ivanhoe DVD Company and are interested in selling them. With so many people downloading music these days, sales, profits, and dividends at Ivanhoe have been declining 9 percent per year. The firm just paid a dividend of $2.20 per share. The required rate of return for a stock this risky is 13 percent. If dividends are expected to decline at 9 percent per year, what is a share of the stock worth today?

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You own shares of Ivanhoe DVD Company and are interested in selling them. With so many people downlo...

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