Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $9.15, but management expects to reduc

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $9.15, but management expects to reduc

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Antiques R Us Is A Mature Manufacturing Firm The Company Just Paid A Dividend Of 9 15 But Management Expects To Reduc 1
Antiques R Us Is A Mature Manufacturing Firm The Company Just Paid A Dividend Of 9 15 But Management Expects To Reduc 1 (18.85 KiB) Viewed 16 times
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $9.15, but management expects to reduce the payout by 5 percent per year indefinitely. If you require a return of 15 percent on this stock, what will you pay for a share today? (Do not round intermediaté calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price S 48.03
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