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Gamma Corp. is expected to pay the following dividends over the next four years: $8, $5, $1, and $0.95. Afterward, the company pledges to maintain
Gamma Corp. is expected to pay the following dividends over the next four years: $8, $5, $1, and $0.95. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends, forever. If the required return on the stock is 8 percent, what is the current share price?
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