A company pays a constant $8.25 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease paying dividends forever. If the required return on this stock...


A company pays a constant $8.25 dividend on its stock. The company will


maintain this dividend for the next 13 years and will then cease paying


dividends forever. If the required return on this stock is 11.2 percent, what


is the current share price? (Hint: this is a present value problem for annuity


cash flows.)









Jun 05, 2022
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