Apocalyptica corporation is expected to pay the following, Ask an Expert

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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.30, $17.30, $22.30, and $4.10. Afterward, the company pledges to maintain a constant 5.75 percent growth rate in dividends, forever. If the required return on the stock is 8 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price

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Financial Management, Finance

Category:- Financial Management
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