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QUESTION
North Side Corporation is expected to pay the following dividends over the next four years: $8, $7, $5, and $2.
North Side Corporation is expected to pay the following dividends over the next four years: $8, $7, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price?
