Gruber corp pays a constant 9 dividend on its stock what is


Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividend for the next 13 yeras and then will cease paying dividends forever. If the required return on this stock is 9.5 percent, what is the current share price?

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Financial Management: Gruber corp pays a constant 9 dividend on its stock what is
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