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21 Jan 2018
Bowman Corp. pays a constant $13.60 dividend on its stock. The company will maintain this dividend for the next nine years and will then cease paying dividends forever.
Required: If the required return on this stock is 12 percent, what is the current share price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)
| Bowman Corp. pays a constant $13.60 dividend on its stock. The company will maintain this dividend for the next nine years and will then cease paying dividends forever. |
| Required: |
| If the required return on this stock is 12 percent, what is the current share price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).) |
Jamar FerryLv2
21 Jan 2018
