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Far Side Corporation is expected to pay the following dividends over the next four years: $8, $7, $6, and $4. Afterward, the company pledges to
Far Side Corporation is expected to pay the following dividends over the next four years: $8, $7, $6, and $4. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. Required: If the required return on the stock is 13 percent, what is the current share price? (Do not round your intermediate calculations.)
$60.97
$67.89
$59.78
$62.92
$64.81
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