Problembui corp pays a constant 1470 dividend on its stock, Ask an Expert

Finance

Problem:

Bui Corp. pays a constant $14.70 dividend on its stock. The company will maintain this dividend for the next ten years and will then cease paying dividends forever.

Required:

Question: If the required return on this stock is 11 percent, what is the current share price?

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148097

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