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General Importers announced today that its next annual dividend will be $2.80 per share. After that dividend is paid, the company expects to encounter some financial difficulties and is going to suspend dividends for four years. Following the suspension period, the company expects to pay a constant annual dividend of $1.20 per share. What is the current value of this stock if the required return is 16 percent? $4.28 $4.88 $5.98 $6.56 $9.91.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92410965

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