Problemapocalyptica corp pays a constant 965 dividend on, Ask an Expert

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Problem:

Apocalyptica Corp. pays a constant $9.65 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever.

Required:

Question: If the required return on this stock is 12 percent, what is the current share price?

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162147

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