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The company will maintain this dividend for the next 12

Stock Valuation

Cornwing Corporation pays a constant $4.00 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 15 percent, what is the current share price?

Current stock price: $ ____________.

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Basic Computer Science: The company will maintain this dividend for the next 12

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Basic Computer Science: The company will maintain this dividend for the next 12

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