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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 7 percent

Antiques R Us is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 7 percent per year indefinitely. Required: If you require an 11 percent return on this stock, what will you pay for a share today? $232.50 $52.18 $55.56 $51.67 $51.15

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