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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $12, but management expects to reduce the payout by 7

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $12, but management expects to reduce the payout by 7 percent per year indefinitely. If you require a return of 13 percent on this stock, what will you pay for a share today? Multiple Choice $186.00 $56.36 $60.00 $55.24 $55.80

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