Expected to pay dividends over the next four years

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Far Side Corporation is expected to pay the following dividends over the next four years: $11, $7, $4, and $3. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 14 percent, the current share price is $. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131058263

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