Question
Burnett Corp. pays a constant $20 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease
Burnett Corp. pays a constant $20 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever.If the required return on this stock is 6 percent, what is the current share price?
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$167.68
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$177.74
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$164.32
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$240.00
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$176.06
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
