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Far side corporation is expected to pay the following dividends over the next four years: $14,$10,$5,and $2. Afterward, the company pledges to maintain a constant
Far side corporation is expected to pay the following dividends over the next four years: $14,$10,$5,and $2. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. Required: If the required return on the stock is 14 percent, what is the current share price?
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