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Nymand Corporation is expected to pay the following dividends over the next four years: $9, $13, $4, and $11. Afterward, the company pledges to
Nymand Corporation is expected to pay the following dividends over the next four years: $9, $13, $4, and $11. Afterward, the company pledges to maintain a constant 8.1 percent growth rate in dividends forever. If the required return on the stock is 15.9 percent, what is the current share price?
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