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Burnett Corp. pays a constant $28 dividend on its stock. The company will maintain this dividend for the next 4 years and will then cease
Burnett Corp. pays a constant $28 dividend on its stock. The company will maintain this dividend for the next 4 years and will then cease paying dividends forever. If the required return on this stock is 16 percent, what is the current share price? Multiple Choice $112.00 $76.78 $90.88 $82.27 $78.35
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