Expected to pay the dividends-what is current share price

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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 5 percent growth rate in dividends forever. Required: If the required return on the stock is 11 percent, what is the current share price?

Reference no: EM131916213

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