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Far Side Corporation is expected to pay the following dividends over the next four years: $14, $13, $9, and $5. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 11 percent, the current share price is $. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

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Financial Management, Finance

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