Apocalyptica corp pays a constant 850 dividend on its stock, Finance Basics

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Apocalyptica corp pays a constant 850 dividend on its stock

Apocalyptica Corp. pays a constant $8.50 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share price?

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Finance Basics: Apocalyptica corp pays a constant 850 dividend on its stock

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Finance Basics: Apocalyptica corp pays a constant 850 dividend on its stock

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