Stock valuation-what is the current share price

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Reference no: EM131319254

Stock Valuation

Burkhardt Corp. pays a constant $13.50 dividend on its stock. The company will maintain this dividend for the next eight years and will then cease paying dividends forever.

If the required return on this stock is 11 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Share price $_____________________

Reference no: EM131319254

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