Far side corporation is expected to pay the following


Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $6, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. Required: If the required return on the stock is 14 percent, what is the current share price?

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Financial Management: Far side corporation is expected to pay the following
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