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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $15.00, but management expects to reduce the payout by 4
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $15.00, but management expects to reduce the payout by 4 percent per year indefinitely. If you require a return of 11 percent on this stock, what will you pay for a share today?
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