Question: Gruber Corp. pays a constant $ 7 . 5 5 dividend on its stock. The company will maintain this dividend for the next 1 5

Gruber Corp. pays a constant $7.55 dividend on its stock. The company will maintain this
dividend for the next 15 years and will then cease paying dividends forever. The required
return on this stock is 11 percent.
What is the current share price? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g.,32.16.)
Gruber Corp. pays a constant $7.55 dividend on its stock. The

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