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Burnett Corporation pays a constant $28 dividend on its stock. The company will maintain this...

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Accounting

Burnett Corporation pays a constant $28 dividend on its stock. The company will maintain this dividend for the next 7 years and will then cease paying dividends forever.
If the required return on this stock is 12 percent, what is the current share price?
Multiple Choice
$12779
$143.12
$134.17
$125.23
$196.00
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