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Hailey Corporation pays a constant $14.50 dividend on its stock. The company will maintain this
dividend for the next 8 years and wil then cease paying dividends forever. If the required return on
this stock is 10 percent, what is the current share price? Note: Do not round intermediate
calculations and round your answer to 2 decimal places, e.9., 32.16.

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Hailey Corporation pays a constant 1450 dividend on its st.pdf

  • 1. Hailey Corporation pays a constant $14.50 dividend on its stock. The company will maintain this dividend for the next 8 years and wil then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16.