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Far Side Corporation is expected to pay the following dividends over the next four years: $13, $10, $6, and $4. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $13, $10, $6, and $4. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. Required: If the required return on the stock is 13 percent, what is the current share price? (Do not round your Intermediate calculations.) $58.15 $59.89 $56.19 $64.44 $55.24
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