Question
Bui Corp. pays a constant $14.20 dividend on its stock. The company will maintain this dividend for the next ten years and will then cease
| Bui Corp. pays a constant $14.20 dividend on its stock. The company will maintain this dividend for the next ten 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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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
