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Input area: $10 Ant Inc is a mature manufacturing firm. The company just paid a dividend of $10, but management expects to reduce the

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Input area: $10 Ant Inc is a mature manufacturing firm. The company just paid a dividend of $10, but management expects to reduce the payout by %2.5 per year indefinitely. If you require a return of 7.25%, what will you pay for a share today? (15 pts) Dividend paid Dividend growth rate 2.5% Required return 7.25% 9 Output area: 10 11 12 Price 13 14 15

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