Pharoah Corp. will pay dividends of $5.00,$6.25,$4.75, and $3.00 in the next four years. Thereafter,...
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Pharoah Corp. will pay dividends of $5.00,$6.25,$4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 6 percent. If the required rate of return is 19.00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, eg. 15.20.) Current value $
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