Negative Growth Antiques R Us is a mature manufacturing firm. The company just paid a $10 dividend,

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Negative Growth Antiques R Us is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 6 percent per year indefinitely. If you require an 11 percent return on this stock, what will you pay for a share today?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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