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14.) A company is expected to pay the following dividends over the next four years: $14, $13, $8, and $4 in the respective years. After that the company is planning to increase the annual per-share divided by a constant 6 percent growth rate, forever. The required return on the stock is 16 percent. Calculate the current share price. (Do not round your intermediate calculations.) a $50.77 b. $S2.48 c $54.06 d. $49.86 e $59.25

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