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Whistle Stop Trains pays a constant $ 1 6 dividend on its stock. The company will maintain this dividend for the next 1 4 years

Whistle Stop Trains pays a constant $

16

dividend on its stock. The company will maintain this dividend for the next

14

years and will then cease paying dividends forever. What is the current price per share if the required return on this stock is

15

percent?

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