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