5 0.3 points 03:35:37 References P8-17 Nonconstant Dividends [LO1] Lohn Corporation is expected to pay the following dividends over the next four years: $14, $10, $9, and $5. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 14 percent, what is the current share price? Multiple Choice $64.82 $68.24 $70.28 $65.78 $73.42

Lohn Corporation is expected to pay the following dividends over the next four years $14,$10,$9, and $5. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever If the required return on the stock is 14 percent, what is the current share price? Multiple Choice $64.82 $6824 $7028 $6578 57342