Apocalyptica corporation is expected to pay the following


Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.70, $16.70, $21.70, and $3.50. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever.

If the required return on the stock is 9 percent, what is the current share price?

 

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Finance Basics: Apocalyptica corporation is expected to pay the following
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