Question: Please show calculations for reaching the final answer. Thank you. 6.8 Antiques 'R' Us is a mature manufacturing firm. The company just paid a $10

Please show calculations for reaching the final answer. Thank you. 6.8

Please show calculations for reaching the final answer. Thank you.

6.8 Antiques 'R' Us is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 10 percent per year, indefinitely. If you require a 14 percent return on this stock, what will you pay for a share today

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