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Burnett Corp. pays a constant $29 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease

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Burnett Corp. pays a constant $29 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share price? Multiple Choice $173.06 $162.25 $154.52 $151.43 $261.00

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