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The Lighthouse Co.is in a downsizing mode.The company paid a €2.50 annual dividend last year.The company has announced plans to lower the dividend by €.50 a year.Once the dividend amount becomes zero,the company will cease all dividends permanently.The required rate of return is 16%.What is one share of this equity worth?
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The act of offering a specific price for something, especially in the context of an auction or public sale.
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Markets where financial instruments or commodities are bought and sold for immediate delivery, contrasting with futures markets where delivery is set for a future date.
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