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Far Side Corporation is expected to pay the following dividends over the next four years: $16, $14, $9, and $4. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $16, $14, $9, and $4. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever.
Required:If the required return on the stock is 10 percent, what is the current share price?(Do not round your intermediate calculations.)
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