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Burnett Corp. pays a constant $12 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease
| Burnett Corp. pays a constant $12 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. |
| If the required return on this stock is 11 percent, what is the current share price? |
Multiple Choice
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$78.44
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$69.26
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$120.00
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$74.20
- $70.67
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University Finances Accounting And Budgeting Principles For Higher Education
Authors: Dean O. Smith
1st Edition
1421427257, 978-1421427256
