Question: Answer with only excel formula, please! B C D E F G Hailey Corp. pays a constant $9.45 dividend on its stock. The company will

Answer with only excel formula, please!

Answer with only excel formula, please! B C D E F G

B C D E F G Hailey Corp. pays a constant $9.45 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease paying dividends forever. If the required return on this stock is 10.7 percent, what is the current share price? 2 3 4 Input area: 5 6 Current dividend $9.45 7 Years until dividend ceases 13 8 Required return 10.70% 9 10 (Use cells A6 to B8 from the given information to complete this question.) 11 12 Output area: 13 14 Share price 15 16 17 18 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be us 19 Nothing in this area will be graded, but it will be submitted with your assignment. 20 21

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