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A company is expected to pay the following dividends over the next four years: $12, $10, S7, and $5. Afterward, the company pledges to maintain

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A company is expected to pay the following dividends over the next four years: $12, $10, S7, and $5. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below. Your

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