Question: Current Attempt in Progress 4 Your answer is incorrect. Cullumber Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years.

Current Attempt in Progress 4 Your answer is incorrect. Cullumber Corp.

Current Attempt in Progress 4 Your answer is incorrect. Cullumber Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 5 percent. If the required rate of return is 19.00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, e.g. 15.20.) Current value $ e Textbook and Media

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