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21-10-2022
Business

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general importers announced that it will pay a dividend of $3.30 per share one year from today. after that, the company expects a slowdown in its business and will not pay a dividend for the next 5 years. then, 7 years from today, the company will begin paying an annual dividend of $1.40 forever. the required return is 10.7 percent. what is the price of the stock today? multiple choice $9.40 $13.08 $10.85 $10.09 $2.98

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