Far side corporation is expected to pay the following, Ask an Expert

Finance

Far Side Corporation is expected to pay the following dividends over the next four years: $10, $8, $6, and $4. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever.

If the required return on the stock is 14 percent, what is the current share price? (Do not round your intermediate calculations.)

A) $43.68

B) $45.98

C) $47.36

D) $44.11

E) $52.95

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91546348

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