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8. Adams Co is expected to pay the following dividends over the next four years: $13.30, $9.30, $8.30, and $3.80. Afterward, the company pledges to

8. Adams Co is expected to pay the following dividends over the next four years: $13.30, $9.30, $8.30, and $3.80. Afterward, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 12%, what is the current share price?

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