The company announced today that it will continue to do


The Red Bud Co. pays a constant dividend of $1.90 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 7.5 percent?

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Financial Management: The company announced today that it will continue to do
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