Problem 8-20 Negative Growth [LO1] Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the payout by 5 percent per year indefinitely. If you require a return of 14 percent on this stock, what will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price References eBook & Resources Difficulty Intermediate Worksheet Learning Objective: 08-01 How stock prices depend