Apocalyptica corp pays a constant 975 dividend on its stock

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Apocalyptica Corp. pays a constant $9.75 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 10 percent, what is the current share price?
please show the entire problem and how to put it in the formula - what goes where and what is divded what?

Reference no: EM13597620

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