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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $ 1 3 , but management expects to reduce the

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $13, but management expects to reduce the payout by 12 percent per year indefinitely.
If you require a return of 17 percent on this stock, what will you pay for a share today?
Multiple Choice
$39.45
$39.84
$39.05
$44.83
$228.80
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