Required return on stock-what is the current share price

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Reference no: EM131055311

Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.90, $17.90, $22.90, and $4.70. Afterwards, the company pledges to maintain a constant 6.00 percent growth rate in dividends, forever. Required: If the required return on the stock is 10 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price $

Reference no: EM131055311

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