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15. Lohn Corporation is expected to pay the following dividends over the next four years: $18. $14. S13, and $8.50. Afterwards, the company pledges to

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15. Lohn Corporation is expected to pay the following dividends over the next four years: $18. $14. S13, and $8.50. Afterwards, 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 fair price? a. $70.04 c. $92.71 b. $72.82 d. $103.88

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