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Question 4 Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $11.45, but management expects to reduce the
Question 4 Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $11.45, but management expects to reduce the payout by 5.4 percent per year, indefinitely. Required: If you require a return of 11 percent return on this stock, what will you pay for a share today?
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