What is one share of this stock worth

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Reference no: EM131064085

The Lighthouse Co. is in a downsizing mode. The company paid a $3.00 annual dividend last year. The company has announced plans to lower the dividend by $1.0 a year. Once the dividend amount becomes zero, the company will cease all dividends permanently. The required rate of return is 10%. What is one share of this stock worth?

Reference no: EM131064085

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