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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 7

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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 7 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 o $48.46 $186.00 O $52.63 $49.44 $48.95

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