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McCabe Corporation is expected to pay the following dividends over the next four years: $ 1 0 , $ 6 , $ 5 , and

McCabe Corporation is expected to pay the following dividends over the next four years: $10, $6, $5, and $3.50. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price?

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