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Antiques R Us is a mature manufacturing company. The company has just paid a dividend of $ 1 5 , but management expects to reduce

Antiques R Us is a mature manufacturing company. The company has just paid a dividend of $ $15,$ but management expects to reduce the dividend payment by $3 %$ per year, indefinitely. If you require a $9 %$ return on this stock, how much will you pay for a share today?

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Antiques R Us is a mature manufacturing company. The company has just paid a dividend of $ 1 5 , but management expects to reduce

Antiques R Us is a mature manufacturing company. The company has just paid a dividend of $15, but management expects to reduce the dividend payment by 3% per year, indefinitely. If you require a 9% return on this stock, how much will you pay for a share today?

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Antiques R Us is a mature manufacturing company. The company has just paid a dividend of $ $15,$ but management expects to reduce the dividend payment by $3 %$ per year, indefinitely. If you require a $9 %$ return on this stock, how much will you pay for a share today?