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Sandy Corporation is expected to pay the following dividends over the next four years:00, $10.00, $8.00, $5.
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Sandy Corporation is expected to pay the following dividends over

the next four years: $12.00, $10.00, $8.00, $5.00. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price? (8 Marks)

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Subject: Business, Finance

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