Which one of the following is true about dividend growth patterns?

Dividends may grow at a constant rate.

Dividends always reduce at a differential rate.

Dividends never grow.

Dividends never have a zero growth rate.And he's

E

Hailey Corporation pays a constant $$14\mathrm{.}70$ dividend on its stock. The company will maintain this dividend for the next $10$ years and will then cease paying dividends forever. If the required return on this stock is $11$ percent, what is the current share price?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Share price