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Far Side Corporation is expected to pay the following dividends over the next four years $12 $10 $7 and $3 Afterward the company pledges to maintain a constant 4 percent growth rate in dividends

Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $7, and $3. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. Required: If the required return on the stock is 13 percent, what is the current share price? (Do not round your intermediate calculations.) $46.40 $53.96 $4780 $44.08 $45.06
 

Apr 08 2020 View more View Less

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