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Antiqus R Us is a mature manufachuring firm. The company just paid a dividead of S 1 0 , but management expects to reduce the

Antiqus R Us is a mature manufachuring firm. The company just paid a dividead of S

10,

but management expects to reduce the pay out by

6 %

per Yearr Indefinitly

.

If the repuired return is

11 %,

what will you pay for a share today?

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