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eisure Lodge Corporation is expected to pay the following dividends over the next four years: $21.00,$10.00,$7.20 and $2.50. Afterwards, the company pledges to maintain a
eisure Lodge Corporation is expected to pay the following dividends over the next four years: $21.00,$10.00,$7.20 and $2.50. Afterwards, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock s 15 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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