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Gamma corp Gamma Corp. is expected to pay the following dividends over the next four years: $7,$6,$18, and $0.85. Afterward, the company pledges to maintain
Gamma corp
Gamma Corp. is expected to pay the following dividends over the next four years: $7,$6,$18, and $0.85. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends, forever. If the required return on the stock is 11 percent, what is the current share price? Allowed attempts: 3Step by Step Solution
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