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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $14, but management expects to reduce the payout by 11

image text in transcribed Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $14, but management expects to reduce the payout by 11 percent per year indefinitely. If you require a return of 18 percent on this stock, what will you pay for a share today? Multiple Choice $48.28 $42.54 $42.97 $178.00 $43.40

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