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A firm is expected to pay the following dividends over the next four years: $5.85, $16.85, $21.85, and $3.65. Afterwards, the company pledges to maintain
A firm is expected to pay the following dividends over the next four years: $5.85, $16.85, $21.85, and $3.65. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever. If the required return on the stock is 11.50 percent, what is the current share price? $82.69 $76.28 O $86.30 $74.17 $78.45
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