Apocalyptica Corp. pays a constant $7.70 dividend on its stock. The company will

Question

Apocalyptica Corp. pays a constant $7.70 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16))

Apocalyptica Corp. pays a constant $7.70 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

  Current share price

$   

  Current share price

$   

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