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Far Side Corporation is expected to pay the following dividends over the next four years: $15, $10, $7, and $3. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $15, $10, $7, and $3. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. Required: If the required return on the stock is 11 percent, what is the current share price? (Do not round your intermediate calculations.) Multiple Choice 0 $61.65 O $51.46 $54.17 $55.79
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