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Far Side Corporation is expected to pay the following dividends over the next four years: $11, $8, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 12 percent, the current share price is $_____
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Question:Far Side Corporation is expected to pay the following dividends over the next four years:
$11, $8, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent
growth rate...