FIN3403- Bui Corp. pays a constant $14.90 dividend on its stock.

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FIN3403- Bui Corp. pays a constant $14.90 dividend on its stock.

3. Bui Corp. pays a constant $14.90 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever.Required:If the required return on this stock is 10 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price$