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Apocalyptically corporation is expected to pay the folllowing dividends over the next four years: 3, 10, 15, and 3.08. Afterwards, the company pledges to maintain
Apocalyptically corporation is expected to pay the folllowing dividends over the next four years: 3, 10, 15, and 3.08. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends, forever. If the required return on stock is 11 percent, what is the current share price?
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