26.

26. Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $15.00, $10.00, $5.00, $6.20. Afterwards, the company pledges to maintain a constant 4% growth in dividends forever. If the required return on the stock is 10%, the current share price is (Round to the nearest integer): A) $65 B) $73 ) $87 ) $94 $103