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  3. goulds corp. pays a constant $7.85 dividend on its

Goulds Corp. pays a constant $7.85 dividend on its stock. The company will maintain this...

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Accounting

Goulds Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price?

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