BUS7600 - Gruber Corp. pays a constant $8.60 dividend on its stock

BUS7600 - Gruber Corp. pays a constant $8.60 dividend on its stock

Question # 00513020 Posted By: katetutor Updated on: 04/17/2017 06:51 AM Due on: 04/17/2017
Subject Finance Topic Finance Tutorials:
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Gruber Corp. pays a constant $8.60 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. The required return on this stock is 11 percent.

What is the current share price?

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    Tutorial # 00509845 Posted By: katetutor Posted on: 04/17/2017 06:52 AM
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