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McCabe Corporation is expected to pay the following dividends over the next four years: $5.20,$16.20,$21.20, and $3.00. Afterward, the company pledges to maintain a constant

image text in transcribed McCabe Corporation is expected to pay the following dividends over the next four years: $5.20,$16.20,$21.20, and $3.00. Afterward, the company pledges to maintain a constant 5.5 percent growth rate in dividends forever. If the required return on the stock is 9 percent, what is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16 . Answer is complete but not entirely correct

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