Question: Your answer: (CHAPTER 8) Constantine pays a constant $5.5 dividend on its stock. The company will maintain this dividend for the next 15 years and

Your answer: (CHAPTER 8) Constantine pays a constant $5.5 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 8.3 percent, what is the current share price? (Do not use "$" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 100.23.)
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