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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $13, but management expects to reduce the payout by 8

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $13, but management expects to reduce the payout by 8 percent per year indefinitely. If you require a return of 14 percent on this stock, what will you pay for a share today? Multiple Choice $54.91 $53.82 $199.33 $59.09 $54.36

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