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Pharoah Corp, will pay dividends of $5,00,$6,25,$4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at

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Pharoah Corp, will pay dividends of $5,00,$6,25,$4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 5 percent. If the required rate of return is 17.80 percent, what is the current value of the stock? (Round all intermediote calculations and final answer to 2 decimal places, es. 15.20) Current value 5

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