Griffith Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for
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Griffith Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for the next eight years and will then cease paying dividends forever. If the required return on this stock is 10.9 percent, what is the current share price?
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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