QUESTION 14 6.25 Antiquated Products Corporation produces goods that are very mature in their product life cycles. Antiquated Products Corporation is expected to pay a dividend in year 1 of $1.00, a dividend of $0.90 in year 2. and a dividend of $0.85 in year 3. After year 3. dil expected to decline at a rate of 2% per year. An appropriate required rate of return for the stock is 8%. The stock should be worth
O 8.98. Get Finance homework help today
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