Question: Estes Park Corp. pays a constant $ 7 . 8 0 dividend on its stock. The company will maintain this dividend for the next 1

Estes Park Corp. pays a constant $7.80 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 11.2 percent, what is the current share price?
Current dividend
Complete the following analysis. Do not hard code values in your calculations.
Share price. Answer is an excel formula
Estes Park Corp. pays a constant $7.80 dividend on its stock.

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