What is the current share price

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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.80, $16.80, $21.80, and $3.60. Afterwards, 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?

 

Reference no: EM13257718

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