https://quickessayguide.com/wp-content/uploads/2021/05/logo-300x75.png 0 0 QuickessayGuide https://quickessayguide.com/wp-content/uploads/2021/05/logo-300x75.png QuickessayGuide2021-06-01 22:04:512021-06-01 22:04:51Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterwards,…
Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterwards, the company pledges to maintain a constant 5.25 percent growth rate in dividends, forever. Required: If the required return on the stock is 7 percent, what is the current share price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)
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