Required return on stock-what is the current share price

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Reference no: EM13730655

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))

Reference no: EM13730655

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