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Antiques R Us is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 5 percent

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Antiques R Us is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 5 percent per year indefinitely. Required: If you require an 11 percent return on this stock, what will you pay for a share today? O $59.97 O $62.50 O $59.38 O $158.33 $58.78

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