Question: XD Calculating stock price - Excel ? 6 x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In * Arial 12 - A

 XD Calculating stock price - Excel ? 6 x FILE HOME

XD Calculating stock price - Excel ? 6 x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In * Arial 12 - A % Paste BIU Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font D13 fx B D E F G H I J K 1 2 3 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? 4 5 6 7 Current dividend $ Years until dividend ceases Required return 7.80 13 11.2% 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. 12 13 Share price 14 15 16 17

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