Hailey Corporation pays a constant 8 . 9 0 dividend on its stock. The company will maintain

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Question:

Hailey Corporation pays a constant

8.90

dividend on its stock. The company will maintain this dividend for the next

12

years and will then cease paying dividends forever. If 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

.

., 32.16 .)

Current share price?

Posted Date: May 19, 2024 02:08 AM

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Hailey Corporation pays a constant 8 . 9 0 dividend on its stock. The company will maintain

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