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nent 7 KQuestion 5 (of 8) value 10.00 points Goulds Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend

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nent 7 KQuestion 5 (of 8) value 10.00 points Goulds Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current share price References eBook & Resources Worksheet Learning Objective: 08-01 How ype here to search

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