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P8-20 Negative Growth [LO1] Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $15, but management expects to reduce
P8-20 Negative Growth [LO1] Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $15, but management expects to reduce the payout by 9 percent per year indefinitely. If you require a return of 18 percent on this stock, what will you pay for a share today? Multiple Choice $151.67 $50.56 $55.56 $51.06 $50.05
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