Callaway Corporation is expected to pay the following dividends over the next four years: $2.25, $4.00, $3.00,

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Callaway Corporation is expected to pay the following dividends over the next four years: $2.25, $4.00, $3.00, $1.00. Afterwards, the company pledges to maintain a constant & percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price?

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