What is the current share price in given situation

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Reference no: EM131972946

Question: Far Side Corporation is expected to pay the following dividends over the next four years: $15, $11, $6, and $1. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever.

Required: If the required return on the stock is 15 percent, what is the current share price?

Reference no: EM131972946

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