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Far Side Corporation is expected to pay the following dividends over the next four years: $11, $9, $6, and $4. Afterward, the company pledges to

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Far Side Corporation is expected to pay the following dividends over the next four years: $11, $9, $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 12 percent, what is the current share price? (Do not round your intermediate calculations.) $61.94 $59.90 $58.84 $67.85 $63.80

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