Question
Bui Corp. pays a constant $13.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease
Bui Corp. pays a constant $13.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever.
| Required: |
| If the required return on this stock is 9 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Current share price | $ |
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The Business Credit Handbook
Authors: Mr. Reid A. Nunn
1st Edition
1500542725, 978-1500542726
