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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.80, $17.80, $22.80, and $4.60. Afterward, the company pledges to maintain
Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.80, $17.80, $22.80, and $4.60. Afterward, 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?
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