What is current share price

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Reference no: EM132042181

Gruber Corp. pays a constant $9.65 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. The required return on this stock is 12 percent.

What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current share price $

Reference no: EM132042181

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