Burnett Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share price

$49.44

Explanation:

The current share price will be calculated as follows:

Dividend = $8.75

Required return rate = 12%

Number of years, N = 10

Then, the present value annuity for 10 years will be calculated as:

= (1 - (1+r)^-n) / r

= (1 - (1+12%)^-10) / 12%)

= $5.65

Then, the current share price will be:

= Dividend × present value annuity for 10 yrs

= $8.75 × 5.65

= $49.44

Therefore, the current share price is $49.44.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: