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Far Side Corporation is expected to pay the following dividends over the next four years: $13, $8, $5, and $3. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $13, $8, $5, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever.
Required:If the required return on the stock is 15 percent, what is the current share price?(Do not round your intermediate calculations.)
rev: 09_18_2012, 06_27_2015_QC_CS-18560
$49.92
$40.43
$42.56
$41.34
$43.84
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