Far Side Corporation is expected to pay the following dividends over the next four years: $10, $8, $4, and $2. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever.

Required:

If the required return on the stock is 17 percent, what is the current share price? (Do not round your intermediate calculations.)

rev: 09_18_2012, 06_27_2015_QC_CS-18560

$30.76

$38.90

$29.23

$30.20

$31.69