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Antiques R Us is a mature manufacturing firm. The company just paid a $8 dividend, but management expects to reduce the payout by 4 percent

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Antiques R Us is a mature manufacturing firm. The company just paid a $8 dividend, but management expects to reduce the payout by 4 percent per year indefinitely. Required : If you require an 13 percent return on this stock, what will you pay for a share today? Multiple Choice $45.63 $47.06 $45.18

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