Question
Burnett Corporation pays a constant $14 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease
| Burnett Corporation pays a constant $14 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 7 percent, what is the current share price? |
Multiple Choice
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$126.00
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$95.77
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$97.60
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$89.39
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$91.21
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Quantitative Finance: An Object-Oriented Approach In C++
Authors: Erik Schlogl, Dilip B. Madan
1st Edition
1584884797, 978-1584884798
