Antiques ‘r’ us is a mature manufacturing firm. the company just paid a $12.40 dividend, but management expects to reduce the payout by 5.25 percent per year, indefinitely. required: if you require

Antiques ‘r’ us is a mature manufacturing firm. the company just paid a $12.40 dividend, but management expects to reduce the payout by 5.25 percent per year, indefinitely. required: if you require a 8 percent return on this stock, what will you pay for a share today