What is the current share price-growth rate in dividends

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Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $20, $10, $6.2 and $2.7. Afterwards, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 14 percent, what is the current share price?

Reference no: EM13895670

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