Question
Gruber Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease
| Gruber Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. The required return on this stock is 11 percent. |
| What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Current share price | $ |
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Fundamentals Of Futures And Options Markets
Authors: Jonn C. Hull
8th International Edition
0133382850, 9780133382853
