Problemhorse and buggy inc is in a declining industry sales, Ask an Expert

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Horse and Buggy Inc. is in a declining industry. Sales, earnings, and dividends are all shrinking at a rate of 6% per year (g= - 6%).

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Question: If r = 10% and DIV1 = $4, what is the current value of a share?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170621

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