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9 Lohn Corporation is expected to pay the following dividends over the next four years: $11,$9,$6, and $4. Aftenward, the company pledges to maintain a
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Lohn Corporation is expected to pay the following dividends over the next four years: $11,$9,$6, and $4. Aftenward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price? Multiple Chaice $68.21 $66.83 $70.35 $75.78 $72.46Step by Step Solution
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