Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $$9,$ but management expects to reduce the payout by $6$ percent per year indefinitely.

If you require a return of $11$ percent on this stock, what will you pay for a share today?

Multiple Choice

$$49\mathrm{.}76$

$$169\mathrm{.}20$

$$52\mathrm{.}94$

$$50\mathrm{.}26$

$$49\mathrm{.}27$