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Burkhardt Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease
Burkhardt Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share price? (Do not ord intermediat places, e.g., 32.16.) caiulaionsnd roand your answer i decimal Share price
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