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pter 08 Saved 3 Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $9.40, but management expects to reduce

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pter 08 Saved 3 Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $9.40, but management expects to reduce the payout by 3 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.) 01:57:44 Current share price

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