The current share price of Hailey Corporation is $64.76
What is a stock?
A stock is an investment type that which shows the ownership status of any individual in a company. Stocks are bought by investors with the aim of selling when the price goes up.
Given the above information,
The current share price in this case will be the present value of the dividends,
As the dividends are constant, they can be treated as annuities.
Present value of annuity
= Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 9.45 * ( 1 - (1 + 10.7%)⁻¹³) / 10.7%
= 9.45 * 6.8529386295
= $64.76
Hence, the current share price of Hailey Corporation is $64.76
Learn more about stock here : https://brainly.com/question/25562729
