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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.00, $17.00, $22.00, $3.80. Afterwards, the company pledges to maintain a
Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.00, $17.00, $22.00, $3.80. Afterwards, the company pledges to maintain a constant 5.0 percent growth rate in dividends forever.
If the required return on the stock is 9 percent, what is the current share price?
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