What is the value of the stock

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Swinton Mining has seen its business slowly wind down. It recently paid a dividend of $1.80 per share, but analysts expect the dividend to decrease by 6% per year. If Swinton's required return is 9.5%, what is the value of the stock?

$13.97
$15.34
$12.80
$11.28
$13.29

 

Reference no: EM13270683

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