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QUESTION
Last week, Hansen Delivery paid its annual dividend of $1.30 per share. The company has been reducing the dividends by 10 percent each year.
Last week, Hansen Delivery paid its annual dividend of $1.30 per share. The company has been reducing the dividends by 10 percent each year. How much are you willing to pay to purchase stock in this company if your required rate of return is 14 percent?
