Hailey Corp. pays a constant $$9\mathrm{.}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 $10\mathrm{.}7$ percent, what is the current share price?

Input area:

Current dividend

Years until dividend ceases

Required return

$$9\mathrm{.}451310\mathrm{.}70\%$