Antiques 'r' us is a mature manufacturing firm. the company just paid a dividend of $12.30, but management expects to reduce the payout by 5 percent per year, indefinitely. if you require a return of 9 percent on this stock, what will you pay for a share today? (do not round intermediate calculations and round your answer to 2 decimal places,
e. g., 32.16.) current share price
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