Goulds Corp. pays a constant $9.75 dividend on its stock. The company will maintain this dividend for

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Goulds Corp. pays a constant $9.75 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 10%, what is the current share price?

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Fundamentals Of Corporate Finance

ISBN: 9781259654756

10th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway

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Question Posted: Nov 16, 2022 01:55 AM

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Goulds Corp. pays a constant $9.75 dividend on its stock. The company will maintain this dividend for

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Fundamentals Of Corporate Finance

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