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