Burnett Corporation pays a constant $25 dividend on its stock. The mpany will maintain this dividend for the next 14 years and will then cease paying dividends forever. If the required return on this stock is 14 percent, what is the current share price? Multiple Choice O $157.55 O $171.06 $350.00 $150.05 ***

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter12: The Cost Of Capital
Section: Chapter Questions
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Burnett Corporation pays a constant $25 dividend on its stock. The mpany will
maintain this dividend for the next 14 years and will then cease paying dividends forever.
If the required return on this stock is 14 percent, what is the current share price?
Multiple Choice
O
$157.55
O
$171.06
$350.00
$150.05
***
Transcribed Image Text:Burnett Corporation pays a constant $25 dividend on its stock. The mpany will maintain this dividend for the next 14 years and will then cease paying dividends forever. If the required return on this stock is 14 percent, what is the current share price? Multiple Choice O $157.55 O $171.06 $350.00 $150.05 ***
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