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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

Answer & Explanation Solved by verified expert
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