Question: Halley Corporation pays a constant $ 1 3 . 5 0 dividend on its stock. The company will maintain this dividend for the next 8

Halley Corporation pays a constant $13.50 dividend on its stock. The company will maintain this dividend for the next 8 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price?
Note: Do not round Intermedlate calculations and round your answer to 2 declmal places, e.g.,3216.
Share price
Halley Corporation pays a constant $13.50 dividend on its stock. The

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