Boomer products inc manufactures no-inhale cigarettes as


Boomer Products, Inc. manufactures "no-inhale" cigarettes. As their target customers age and pass on, sales of the product are expected to decline. Thus, demographics suggest that earnings and dividends will decline at a reat of 5% (-5%) annually forever. the firm just paid a divididend of $4; given a required return is 10%, what is the current price of the stock

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Financial Management: Boomer products inc manufactures no-inhale cigarettes as
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