What is the constant annual rate of decline

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Due to the advent and proliferation of life extension technology, the funeral services industry has been seeing a steady year-to-year decline. Press F is a publicly-listed, low-cost chain of funeral homes that specialises in helping bereaved families pay respects. The firm has just paid its annual dividend of $7.11 per share. Shares of Press F currently trade on the market for a price of $37.7 each, with investors requiring a return of 14.5% per annum. Based on the above information, what is the constant annual rate of decline that investors anticipate in the dividends of Press F? (Round to two decimal places)

Problem 1: What the constant annual rate of decline that investors anticipate in the dividends of Press F is %. (Round to two decimal places.)

Reference no: EM132664542

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