Homework answers / question archive / Apocalyptica Corp

Apocalyptica Corp

Finance

Share With

Apocalyptica Corp. pays a constant $1.11 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease paying dividends forever.  If the required return on this stock is 14 percent, what is the current share price? Answer with 2 decimals (e.g. 45.45).