Question
Apocalyptica Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease
| Apocalyptica Corp. pays a constant $9.80 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 11 percent, what is the current share price? |
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
