Apocalyptica Corp. pays a constant $27 dividend on its stock. The company will maintain this dividend for the next 6 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?

rev: 09_18_2012, 08_05_2013_QC_33329

$162.00

$117.51

$100.14

$107.29

$102.18