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QUESTION
Dividends at FSL are expected grow at a rate of negative 5.70% per year (the dividends are getting smaller). The stock just paid a dividend of $1.
Dividends at FSL are expected grow at a rate of negative 5.70% per year (the dividends are getting smaller). The stock just paid a dividend of $1.55 per share, and investors require a return of 12% to invest in the company.
What is the expected price of the stock next year?
