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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 6
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $10, but management expects to reduce the payout by 6 percent per year indefinitely. |
If you require a return of 15 percent on this stock, what will you pay for a share today? |
Multiple Choice
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$44.76
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$45.21
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$47.62
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$104.44
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$44.31
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