L01 dividend per snare! 7. Stock Valuation. Burkhardt Corp. pays a constant $13.50 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 9.2 percent, what is the current share price? 8. Valuing Preferred Stock. Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $3.45 dividend every vear. in perpetuity. If this LO1