What is the value of the companies stock today

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Reference no: EM131545351

The next dividend for a company will be $2.18 per share. Investors require a 16% return on companies such as this one. Given the stiff competition in it's market, the company has decided to decrease it's dividend by 6.1% every year. What is the value of the companies stock today?

Reference no: EM131545351

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