Required return on stock-what is the current share price

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Reference no: EM13877824

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

Reference no: EM13877824

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