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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $10. but management expects to reduce the payout by 8

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $10. but management expects to reduce the payout by 8 percent per year indefinitely. If you require a return of 12 percent on this stock, what will you pay for a share today? Multiple Choice $46.00 $50.00 $45.54 $230.00 O $46.46

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