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Burnett Corporation pays a constant $17 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease

Burnett Corporation pays a constant $17 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 15 percent, what is the current share price?

Multiple Choice

$88.97

$187.00

$87.19

$93.42

$102.32

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