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16. Fir G is a mature manufacturing firm. The company just paid a $12 dividend, but management expects to reduce the payout by 10 percent

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16. Fir G is a mature manufacturing firm. The company just paid a $12 dividend, but management expects to reduce the payout by 10 percent per year indefinitely. If you require an 15 percent return on this stock, what will you pay for a share today? A. S46.20 B. $216 C. $46.67 D. $45.37 E $43.2

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