Profits and sales of abc corp have been declining its


Profits and sales of ABC Corp. have been declining. Its dividends are expected to decline at the rate of 3 percent in the future. If the company just paid a dividend of $5.00 /share and the market required rate of return is for stocks in this risk class is 19 percent, what is the market price of the stock?

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Finance Basics: Profits and sales of abc corp have been declining its
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