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P8-13 Nonconstant Dividends (LO1] Far Side Corporation is expected to pay the following dividends over the next four years: $10, $8, $5, and $2. Afterward,
P8-13 Nonconstant Dividends (LO1] Far Side Corporation is expected to pay the following dividends over the next four years: $10, $8, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 12 percent, the current share price is $ 1. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))
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