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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $7.34, but management expects to reduce the payout by 3.05
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $7.34, but management expects to reduce the payout by 3.05 percent per year indefinitely. If you require a return of 8.14 percent on this stock, what will you pay for a share today? Omit the $ dollar sign and commas. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16).
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