Question: (CHAPTER 8) Constantine pays a constant $3.9 dividend on its stock. The company wil maintain this dividend for the next 17 years and will then
(CHAPTER 8) Constantine pays a constant $3.9 dividend on its stock. The company wil maintain this dividend for the next 17 years and will then chase paying dividends forever. If the required return on this stock is 11.2 percent, what is the current share price? (Do not use "' in your answer. Increase decimal place for any intermediate calculations from the default 2 to 6 or higher Only round your ral answer to TWO decimal places for example, 100.23.)
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