Bui corp pays a constant 1450 dividend on its stock the


Bui Corp. pays a constant $14.50 dividend on its stock. The company will maintain this dividend for the next eight years and will then cease paying dividends forever. Required: If the required return on this stock is 10 percent, what is the current share price?

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Financial Management: Bui corp pays a constant 1450 dividend on its stock the
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