Negative Growth Antiques R Us is a mature manufacturing firm. The company just paid a 12 dividend,
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Negative Growth Antiques R Us is a mature manufacturing firm. The company just paid a €12 dividend, but management expects to reduce the payout by 4 per cent per year indefinitely. If you require an 11 per cent return on this equity, what will you pay for a share today?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780077178239
3rd Edition
Authors: David Hillier, Iain Clacher, Stephen A. Ross
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