A pocalyptica corp pays a constant 29 dividend on its stock, Financial Management

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A pocalyptica corp pays a constant 29 dividend on its stock

A pocalyptica Corp. pays a constant $29 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease paying dividends forever.

If the required return on this stock is 10 percent, what is the current share price?

A) 216.30

B) 377.00

C) 226.60

D) 206.00

E) 201.88

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Financial Management: A pocalyptica corp pays a constant 29 dividend on its stock

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Financial Management: A pocalyptica corp pays a constant 29 dividend on its stock

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