00 value: 10.00 points Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $8.40, but management expects to reduce the payout by 3 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.) Current share price $ References eBook & Resources Worksheet Learning Objective: 08-01 How stock prices depend on future dividends and dividend growth. Difficulty: Intermediate Section: 8.1 Common Stock Valuation Check my work