What is a share of the stock worth today

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Question - You own shares of TMZ DVD company and are interested Min selling them. With so many people downloading music these days, sales, profits, and dividends at TMZ have been declining 9 percent per year. The firm just paid a dividend of $1.70 per share. The required rate of return for a stock this risky is 17 percent. If dividends are expected to decline 9 percent per year, what is a share of the stock worth today? Round answers 2 decimal places.

Reference no: EM133161054

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