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Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $8, and $5. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $8, and $5. 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.)
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