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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $17, but management expects to reduce the payout by 12

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $17, but management expects to reduce the payout by 12 percent per year indefinitely. If you require a return of 21 percent on this stock, what will you pay for a share today? Multiple Choice $45.33 $45.79 $44.88 $51.52 $166.22

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