Required return-what is the current share price

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Reference no: EM132064661

Far Side Corporation is expected to pay the following dividends over the next four years: $13, $11, $6, and $3. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever.

Required: If the required return on the stock is 10 percent, what is the current share price? (Do not round your intermediate calculations.)

Reference no: EM132064661

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