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Far Side Corporation is expected to pay the following dividends over the next four years:...

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Accounting

Far Side Corporation is expected to pay the following dividends over the next four years: $12, $9, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. Required: If the required return on the stock is 11 percent, what is the current share price? (Do not round your intermediate calculations.)

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