Bui corp pays a constant 1460 dividend on its stock the, Financial Management

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Bui corp pays a constant 1460 dividend on its stock the

Bui Corp. pays a constant $14.60 dividend on its stock. The company will maintain this dividend for the next nine years and will then cease paying dividends forever.

Required:

If the required return on this stock is 9 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16))

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Financial Management: Bui corp pays a constant 1460 dividend on its stock the

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Financial Management: Bui corp pays a constant 1460 dividend on its stock the

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