Gruber corp pays a constant 800 dividend on its stock the, Financial Management

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Gruber corp pays a constant 800 dividend on its stock the

Gruber Corp. pays a constant $8.00 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price?

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Financial Management: Gruber corp pays a constant 800 dividend on its stock the

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Financial Management: Gruber corp pays a constant 800 dividend on its stock the

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