Business, 12.03.2020 03:57 20alondra04

Antiques ‘R’ Us is a mature manufacturing firm. The company just paid a dividend of $12.00, but management expects to reduce the payout by 5.25 percent per year, indefinitely.

Required:
If you require a return of 10 percent on this stock, what will you pay for a share today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e. g., 32.16).)

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Antiques ‘R’ Us is a mature manufacturing firm. The company just paid a dividend of $12.00, but mana...

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