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Sonic Corporation is expected to pay the following dividends over the next four years: $7, $10, $15, and $5. Afterward, the company pledges to maintain

Sonic Corporation is expected to pay the following dividends over the next four years: $7, $10, $15, and $5. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price?

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