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Far Side Corporation is expected to pay the following dividends over the next four years: $12, $8, $5, and $4. Afterward, the company pledges to

Far Side Corporation is expected to pay the following dividends over the next four years: $12, $8, $5, and $4. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever.

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If the required return on the stock is 16 percent, what is the current share price?

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