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Stock valuation burkhardt corp pays a constant 1350

Question: Stock Valuation. Burkhardt Corp. pays a constant $13.50 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. If the required return on this stock is 9.2 percent, what is the current share price?

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Finance Basics: Stock valuation burkhardt corp pays a constant 1350

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