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XYZ Corporation is expected to pay dividends of $ 8 , $ 6 , $ 5 , $ 3 . 5 0 , and $

XYZ Corporation is expected to pay dividends of $

8,

6,

5,

3.50,

and $

3

over the next five years, respectively.

Afterward, the company plans to maintain a constant

4 %

growth rate in dividends forever

The required rate of return is

10 % .

What is the current price per share?

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