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Burnett Corporation pays a constant $13 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease
Burnett Corporation pays a constant $13 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 8 percent, what is the current share price?
Multiple Choice $92.81 $97.45 $143.00 $90.95 $100.23
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