12. Blackwell Ink is losing significant market share and thus its managers have decided to...

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12. Blackwell Ink is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $0.90 a share but all dividends will be decreased by 5 percent annually, What is a share of this stock worth today ata required return of 15 percent? A. $4.07 future B. $4.28 C. $4.49 D. $4.72

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