Estes park corp pays a constant 17 dividend on its stock, Financial Management

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Estes park corp pays a constant 17 dividend on its stock

Estes Park Corp. pays a constant $1.7 dividend on its stock. The company will maintain this dividend for the next 17 years and will then cease paying dividends forever.

If the required return on this stock is 2.34 percent, what is the current share price?

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Financial Management: Estes park corp pays a constant 17 dividend on its stock

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Financial Management: Estes park corp pays a constant 17 dividend on its stock

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