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Gruber Corp. pays a constant $6.95 dividend on its stock. The company will maintain this dividend for the next 12 ye...

Gruber Corp. pays a constant $6.95 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. The required return on this stock is 10 percent.

   

What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  Current share price $  
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Current share price Px[1-(1:(1+r)An)-r Here, A Interest rate per annum 10.00% BNumber of years CNumber of compoundings per pe

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