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Burnett Corporation pays a constant $11 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease

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Burnett Corporation pays a constant $11 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 16 percent, what is the current share price? Multiple Choice $132.00 $56.02 $57.17 $60.03 $66.32

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