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Saved signment Problem 7-19 Negative Growth [LO 1] Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $11.50, but

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Saved signment Problem 7-19 Negative Growth [LO 1] Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $11.50, but management expects to reduce the payout by 5 percent per year, indefinitely. If you require a return of 10 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.) Share price t

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