Required return on the stock-what is the current share price

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Reference no: EM131526844

Far Side Corporation is expected to pay the following dividends over the next four years: $15, $11, $6, and $1. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever.

Required:

If the required return on the stock is 15 percent, what is the current share price?

Reference no: EM131526844

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