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Canyon Buff Enterprise (CBE) is expected to pay a dividend of $1.42 next year. If the annual dividend is expected to be $1.42 forever and
Canyon Buff Enterprise (CBE) is expected to pay a dividend of $1.42 next year. If the annual dividend is expected to be $1.42 forever and the equity cost of capital is 0.061 , what is the current price? Instruction: Type ONLY your numerical answer in the unit of dollars, NO \$ sign, NO comma, and round to the nearest whole number. E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, \$7001.6, \$7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong
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