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Determine what is the current share price

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Reference no: EM132502551

Estes Park Corp. pays a constant 7.80 dividend on its stock. The company will maintain this dividend for the next 13 years and wil then cease paying dividends forever. The required return on this stock is 11.2 percent.

Question 1: What is the current share price?

Reference no: EM132502551

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