Pay phone kings owns a large number of public pay phones as, Ask an Expert

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Pay phone kings owns a large number of public pay phones. As the use of payphones decline dramatically, the firm has decided to cut its dividends every year by 1.5% indefinetely. The most recent dividend the firm paid was 1,75$ per share. Assuming the requuire rate of return of 122 % what is the value of a share of the firm?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92359710

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