The company will maintain this dividend

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Estes Park Corp. pays a constant $7.70 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever If the required return on this stock is 10 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: EM131351323

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