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Apocalyptica Corp. pays a constant $2.32 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease
Apocalyptica Corp. pays a constant $2.32 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. If the required return on this stock is 8 percent, what is the current share price? Answer with 2 decimals (e.g. 45.45).
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