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Polar Bear, Inc. has made a commitment to pay the following dividends over the next four years: $7, $13, $18, and $3.25. At the end
Polar Bear, Inc. has made a commitment to pay the following dividends over the next four years: $7, $13, $18, and $3.25. At the end of this four year period, the firm has further commited to grow the dividend indefinitiely at a constant 5 percent growth rate. If you require a return on this stock of 8.4 percent, what is the current share price?
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