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Burnett Corporation pays a constant $16 dividend on its stock. The company will maintain this dividend for the next 6 years and will then cease
Burnett Corporation pays a constant $16 dividend on its stock. The company will maintain this dividend for the next 6 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price? Multiple Choice $70.34 $78.23 $75.36 $96.00 $71.77 Burnett Corporation pays a constant $16 dividend on its stock. The company will maintain this dividend for the next 6 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price? Multiple Choice $70.34 $78.23 $75.36 $96.00 $71.77
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