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Business, 18.02.2021 22:00 tressasill

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $10.90, but management expects to reduce the payout by 5 percent per year, indefinitely. If you require a return of 10 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 $10.90, but manage...

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