assignmentcafe.com –
Out of Fashion Inc. is facing financial difficulties. The most recent dividend declared was $3.62 and this dividend is expected to shrink at a constant rate of 2.5 percent annually forever. What is this stock worth today at a required return of 12.5 percent?
Group of answer choices
$34.15
$20.24
$23.53
$23.56
$37.11
