The company pledges to maintain a constant

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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.50, $17.50, $22.50, and $4.30. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends, forever. If the required return on the stock is 10 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 $

Reference no: EM131311801

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The company pledges to maintain a constant : Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.50, $17.50, $22.50, and $4.30. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends, forever. If the required return ..

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