Bruins R Us is a mature toy manufacturing firm. The company just paid a dividend...
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Accounting
Bruins R Us is a mature toy manufacturing firm. The company just paid a dividend of $9.53, but management expects to reduce the payout by 5% per year, indefinitely. If you require a 13 percent return on this stock, what will you pay for a share today?
Select one:
a. 61.64
b. 125.08
c. 113.17
d. 50.30
e. 55.59
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