8. For 2 bonus marks, show your calculator keys here (CF only) for question 4

Question 4. Chamberlain Corporation is expected to pay the following dividends over the next four years: $1260, $8.60, $760, and $310.

Afterward, the company pledges to maintain a constant 4% growth rate in dividends forever. If the required return on the stock is 12%

what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in

your response.)

Current share price_______.