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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $8, but management expects to reduce the payout by 6

image text in transcribed Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $8, 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 $44.68 $43.79 $44.24 $150.40 $47.06

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