The company will maintain this dividend for the next 8


Apocalyptica Corp. pays a constant $13 dividend on its stock. The company will maintain this dividend for the next 8 years and will then cease paying dividends forever. If the required return on this stock is 15 percent, the current share price is $. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

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Financial Management: The company will maintain this dividend for the next 8
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