Far Side Corporation is expected to pay the following dividends over the next four years: $3, $7,
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Question:
Far Side Corporation is expected to pay the following dividends over the next four years: $3, $7, $6, and $2. Afterward, the company pledges to maintain a constant 0.04 growth rate in dividends forever. If the required return on the stock is 0.09, what is the current share price? Answer with 2 decimals (e.g. 45.45).
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