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Business, 30.03.2020 23:04 zoeyandblaze

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the payout by 5 percent per year indefinitely. If you require a return of 12 percent on this stock, what will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but manage...
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