If the required return on this stock is 16 percent what is


Apocalyptica Corp. pays a constant $17 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. Required: If the required return on this stock is 16 percent, what is the current share price? Show work and financial calculator steps.

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Financial Management: If the required return on this stock is 16 percent what is
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