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Apocalyptica Corp. pays a constant $13 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease

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Apocalyptica Corp. pays a constant $13 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. Required: If the required return on this stock is 15 percent, what is the current share price? Note that this is a regular annuity

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