Bowman corp pays a constant 1440 dividend on its stock the, Financial Management

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Bowman corp pays a constant 1440 dividend on its stock the

Bowman Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever?

Required:

If the required return on this stock is 12 percent, what is the current share price?

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Financial Management: Bowman corp pays a constant 1440 dividend on its stock the

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Financial Management: Bowman corp pays a constant 1440 dividend on its stock the

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