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Apocalyptica Corp. pays a constant $24 dividend on its stock. The company will maintain this...

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Finance

Apocalyptica Corp. pays a constant $24 dividend on its stock. The company will maintain this dividend for the next 6 years and will then cease paying dividends forever.

Required:

If the required return on this stock is 14 percent, what is the current share price?

$106.39

$91.46

$93.33

$97.99

$144.00

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