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What is the current value of nova-norda stock

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Nova-Norda Corporation's sales are falling and its costs are rising. As a result, the company's dividends are declining at the constant rate of 8% per year. If the last dividend was $5 and minimum required rate of return in the market for similar stocks is 12%, what is the current value of Nova-Norda's stock?

Reference no: EM133253517

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